Disney & 21st Century Fox are closing in on deal that could close as next week. 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.
21st Century Fox assets, including the X-Men franchise, are valued around $60+ billion, 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.
Disney could gain a lot more creative control over many huge business media corporations (Ownership of Sky Digital, HULU, for their business stock.
Date published: 05/12/17
Written by: Joseph Opoku
Source: (1) CNBC [Disney Deal on Fox closing in]