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Home»Movies / TV»Disney Set to Seal $60bn 21st Century Fox Takeover
Movies / TV

Disney Set to Seal $60bn 21st Century Fox Takeover

By Magic 103.7December 13, 2017Updated:January 16, 2018No Comments1 Min Read
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Walt Disney is close to confirming a deal to buy 21st Century Fox’s entertainment assets for about $60bn, reports say.

The sale would include the 20th Century Fox film studio and the Sky and Star satellite broadcasters in the UK, Europe and Asia.

Disney was left as the front runner after Comcast, the NBC owner, dropped out of the race on Monday.

The Financial Times said talks about the price were continuing on Tuesday.

CNBC reported that Fox and Disney were on a “glide path” for an announcement on Thursday, according to people familiar with the negotiations.

The Murdoch family was said to favour a deal with Disney because it would rather be paid in the entertainment giant’s shares than Comcast stock.

A deal with Disney could also face fewer US regulatory hurdles, although it is extremely unlikely to be waved through.

Source: BBC Business

21st Century Fox Walt Disney
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