Disney and Fox Deal May Be Announced This Week

Disney-Fox deal would be a media and entertainment earthquake

Shares of Comcast CMCSA climbed on Tuesday morning after the company announced that it officially bowed out of the fight to buy some of 21st Century Fox's FOXA assets.

The 53-year-old filmmaker helmed Fox's recent R-rated success "Logan" but Disney - which now owns Marvel Studios - is currently closing in on a deal to try and get back the rights for the iconic comic book characters.

Under the deal, Disney would take on Fox's film and television studio, its cable TV networks like FX and NatGeo, and its 30 percent stake in Hulu. Disney could also get United Kingdom -based TV and Internet provider Sky, of which Fox now owns 39% and is seeking to acquire in its entirety. Its choices likely reflect FCC regulations that prohibit them from owning two broadcast networks.

CBR offers further details on the situation, reporting that "Constantin retains the production rights first sold to them in 1986, but that Fox has exclusive distribution rights as part of the 1999 deal with Marvel". That is what we tried to do and we are no longer engaged in the review of those assets. "We never got the level of engagement needed to make a definitive offer", it added.

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Murdoch and Fox have recently seen their $15 billion bid to acquire the 61% of Sky that it does not own thwarted by United Kingdom regulators investigating legal suits and charges of sexual harassment and discrimination at Fox News.

Disney will be buying Twenty-First Century Fox, the TV and movie studio.

Again, though, the issue of who actually owns the rights and what exactly Marvel would get should Disney purchase Fox - which, they nearly certainly will at this stage - is extremely complicated and no one really seems to know what'll happen to the Fantastic Four once this deal goes through. Now Comcast is walking away from that deal according to a statement from Comcast Corp on Monday. With Comcast out of the deal, and with Disney showing enough interest in the acquisition, the Disney-Fox deal seems to be certain.

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