Fox closing in on deal to sell TV and Movie divisions (but not news) to Disney

Scoop

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Hopefully Trump admin files anti-trust suit against this :snoop:

Disney and Fox are closing in on deal, could be announced next week: Sources
  • Talks have progressed and a deal could be announced as early as next week, sources tell CNBC.
  • The enterprise value of the Fox assets in the deal is seen as more than $60 billion.
  • Fox would sell movie and television production assets and keep its news, sports and broadcast network.
David Faber | @DavidFaber
Published 3 Hours Ago Updated 2 Hours AgoCNBC.com


Disney and 21st Century Fox closing in on $60 billion deal: Sources 2 Hours Ago | 03:08


Disney and Twenty-First Century Fox are closing in on a deal, and it could come as soon as next week, according to sources familiar with the matter.

CNBC has been reporting that Disney has held talks with the Rupert Murdoch-controlled media company to acquire its studio and television production assets, leaving Fox with its news and sports assets. Fox is also talking with CNBC parent company Comcast, but the talks with Disney have progressed more significantly.

The deal contemplates the sale of Fox's Nat Geo, Star, regional sports networks, movie studios and stakes in Sky and Hulu, among other properties. What would remain at Fox includes its news and business news divisions, broadcast network and Fox sports.


The enterprise value of the Fox assets in the Disney deal is seen as above $60 billion, according to sources. Current Fox shareholders would get one share of the Fox company that remains after the movie and television assets are sold plus shares of Disney in a fixed exchange ratio.

1512485942_foxchart.jpeg


Shares of Twenty-First Century Fox rose 3.2 percent, while shares of Disney fell 2.1 percent Tuesday. Shares of Comcast fell 1.2 percent.

Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.

Disney and Fox are closing in on deal, could be announced next week: Sources
 

Scoop

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No wonder u so deep in the red. U want Trump to file an anti-trust suit to stop this? U fukking idiot this is great news

How is it good news?

You really think Disney needs more market share in TV and Movies? So they should own ESPN, ABC and Fox?

tv-disney2.gif
 

ExodusNirvana

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How is it good news?

You really think Disney needs more market share in TV and Movies? So they should own ESPN, ABC and Fox?

tv-disney2.gif
Most of those channels are trash and are failing if I'm not mistaken

ESPN alone is steadily letting people go
 
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