Disney, Fox Deal Could Reportedly Close This Week

Fox, Disney on 'glide path' for Thursday deal announcement: Sources

The cost of this deal could be up to $60 billion dollars. Their studios, non-sports and news cable channels, and global networks such as Sky in the United Kingdom and Star in India are all up for sale. The company would remain independent at least initially, though it could consider a merger later with the Murdochs' publishing company, News Corp., the person said.

For Fox, it would mean a lot of worldwide exposure and ownership in Disney and the UK-based Sky.

Disney chairman and CEO Bob Iger has extended his contract with the company for two more years through 2021 to oversee the integration of the assets.

Disney would pay $28 to $29 per share for Fox assets, and the all-stock deal would leave Fox investors owning about 25% of the enlarged Disney, the Journal reported. A deal will still face regulatory scrutiny in Washington, where the U.S. Justice Department has sued to block another proposed media megamerger between AT&T Inc. and Time Warner Inc. But talks would resume, indicating that this deal could be a real possibility. Disney shares rose 0.17 percent to $107.61.

"When a set of assets like 21st Century Fox's becomes available, it's our responsibility to evaluate if there's a strategic fit that could benefit our company and our shareholders", the cable giant said in a statement.

Google's Most Searched Terms for 2017: Hurricane Irma, Matt Lauer
This year, the top 10 is dominated by smartphones and only two gaming devices Nintendo Switch and Xbox one made it to the list. Meanwhile, throughout the year's various natural disasters , people searched "how to help" more than ever before.

European Parliament votes against banning key kebab additive
Europe's parliament voted with a very slight difference against banning phosphates used to make doner kababs. However, following a full vote of Parliament that position was not endorsed.

INEOS' North Sea pipeline closure 'worth £20m a day'
Gasoline stocks rose by 2.3 million barrels, compared with analysts' expectations in a Reuters poll for a 2.5 million-barrel gain. The fact that the market sold off so much after the Forties outage shows that the market struggles to trend higher.

The deal will be scrutinised by the U.S. and United Kingdom regulatory authorities.

There is still the chance that someone else will end up with the assets, but the reason given by Comcast for their withdrawal from the process, a "lack of engagement" from Fox, suggests that Disney will be the eventual winners. The Sky stake would give Disney 22.5 million customers in five countries in Europe, with leading advertising technology, and Disney would be likely to seek full control of the satellite provider.

More details about Disney's acquisition of 21 Century Fox have made their way online. More importantly, they would have the means to exploit that catalog and take on the streaming services from Netflix, Amazon (AMZN) and others directly, as Fox's thirty percent ownership of Hulu would also be part of the deal.

The companies were also said to be discussing what measures need to be taken to be approved by USA regulators. We will keep you posted should anything come up.

Related News:

  • Former 'Apprentice' star Omarosa Manigault Newman to quit White House post

    Former 'Apprentice' star Omarosa Manigault Newman to quit White House post

    Somehow Manigault Newman made it to the residences - usually a closed-off area - in a bid to speak with President Trump. She was "fired" by Trump during the run, but reappeared years later on Trump's " Celebrity Apprentice ".
    India adds another submarine to its fleet- INS Kalvari

    India adds another submarine to its fleet- INS Kalvari

    He formally unveiled the commissioning plaque and shook hands with naval officers, before taking a quick voyage in the submarine. Kalvari is the first of the six Scorpene-class submarines handed over by shipbuilder Mazagon Dock Limited (MDL).
    Colton Haynes Confirmed To Return To Arrow

    Colton Haynes Confirmed To Return To Arrow

    Haynes teased his return back in September, where he told a fan on Twiter that "Roy's coming back very soon". He left the show, though, after his contract was up in the third season and Roy faked his death.
  • Mom of bullied boy who went viral ironically outed as a racist

    Mom of bullied boy who went viral ironically outed as a racist

    Well, you know, aside from the Avengers premiere. "We need to raise the bar with human decency at the very least", she adds. "I mean, you know, yesterday, he was a hero". " Bullying has become a part of our culture".
    #TRAILERCHEST: The thrilling official trailer for Bright has landed

    #TRAILERCHEST: The thrilling official trailer for Bright has landed

    Bright has been written by Max Landis ( American Ultra ) and directed by David Ayer ( Fury ). It co-stars Noomi Rapace , Lucy Fry , Edgar Ramirez , Margaret Cho and Ike Barinholtz .
    Samsung Notebook 9 laptops get refreshed for 2018, new models launched

    Samsung Notebook 9 laptops get refreshed for 2018, new models launched

    The non S-Pen models come in Titan Silver and Crush White colours, while the Notebook 9 Pen comes in Light Titan colour variant. The Notebook 9 is available in 13.3-inch and 15-inch screen screen sizes, with the bezel around the screen measuring 6.2mm.
  • Green Bay Packers QB Aaron Rodgers set to play Sunday

    Green Bay Packers QB Aaron Rodgers set to play Sunday

    Meanwhile, the Packers have issues on defense to address, especially with defensive back Davon House out due to a back injury. After the discussion of the game that was, there is plenty to unpack in terms of what the Packers need to do.
    New 2018 Mercedes G-Class interior revealed

    New 2018 Mercedes G-Class interior revealed

    Opening the door to the driver's seat I could hear the familiar clicking sound every G owner will recognize immediately. Customers can choose between two digital displays or one digital display with analogue speedometer and rev counter.
    Disney set to acquire entertainment assets from 21st Century Fox

    Disney set to acquire entertainment assets from 21st Century Fox

    Fox's stock had traded at $25 a month ago, before it was reported the two conglomerates were close to a transaction. The deal is created to give Disney the scale to deliver branded entertainment directly to consumers.
  • Glowing plants: Are you ready to switch on the bedside shrub?

    Glowing plants: Are you ready to switch on the bedside shrub?

    In this case, the researchers wanted to tackle lighting, which accounts for about 20 percent of energy consumption worldwide. The main author of this study and the postdoctoral from MIT, Seon-Yeong Kwak published the study research in Nano Letters .
    Surgeon admits marking his initials on patients' livers during transplant ops

    Surgeon admits marking his initials on patients' livers during transplant ops

    The incidents took place on 9 February and 21 August of 2013. "I was not dismissed", he said, according to the BBC . Until the court's final ruling, on January 12, the surgeon is free on conditions but cannot operate.
    Alan Pardew: Liverpool point is 'building block'

    Alan Pardew: Liverpool point is 'building block'

    Liverpool will look to exorcise their Merseyside derby frustrations at home against struggling West Bromwich Albion in midweek. We now have to accept that if you don't score in football, you always have to accept the result.


Most liked

Jaguar F-Pace SUV Secures Five-Star Euro NCAP Safety Rating
The combination of active and passive safety measures helped deliver an overall Euro NCAP rating of 85 per cent. The relaunched Punto supermini is the first vehicle to score zero stars since NCAP testing began 20 years ago.

Phir Hera Pheri filmmaker Neeraj Vora passes away
The actor made a mark in Bollywood when he turned writer for the film Rangeela starring Aamir Khan and Urmila Matondkar. He directed Khiladi 420 and Phir Hera Pheri , a sequel to the classic comedy-drama Hera Pheri .

An airstrike on the Gaza strip
Such rockets are generally fired by fringe Islamist groups but Israel holds Hamas responsible for any fire from the territory. The strikes came hours after Israel's missile defense system intercepted two rockets fired from Gaza .

AC Milan coach Gattuso defends Donnarumma after fans criticism
If he wants to go away he has to beg us, but I talked to him until a minute ago and he never asked for it, he loves Milan. If any player wants to leave they must tell us, even if obviously they must be satisfied with our requests.

Bashir Addresses Islamic Summit, Reiterates Rejection to US Decision On Al - Quds
Trump's decision puts him at odds with the worldwide community, which insists the issue can only be resolved through negotiations. He said the United States has deeply wounded humanity's conscience.

Death toll from Mogadishu police academy attack rises to 13
Soon after the attack, Islamist militant group, al Shabaad claimed responsibility for the attacks. Africa Command said in a statement.

Winter-weather advisory issued with snow in tonight's forecast
If commuting Thursday morning, be aware of the possibility of travel disruptions and icy roads. Snow may start during the evening rush in western areas, and just after rush hour in the metro.

Snow ends early Thursday, then there's afternoon sunshine and cold conditions
Dry high pressure builds atop the region tonight making for clear to partly cloudy skies, light winds, and very cold temperatures. Wind chill values should be better than Wednesday, but we'll still be in the upper teens and 20s for a good portion of the day.

Pakistan submission to ICJ dismisses India's stance on Kulbhushan Jadhav
Pakistan has stated that "the Indians have not denied that Jadhav was travelling on a passport with an assumed Muslim name". Reports said the reply also encompasses the charge-sheet filed against Jadhav, which also includes his confession.

Reiff, Rudolph and Rhodes sidelined as Vikings begin preparing for Bengals
The Vikings also had to settle for two short field goals off possessions that reached the Carolina 4-yard and 6-yard lines. It won't get any easier for the Bengals defense this week against an even better offense on the road in Minnesota.

Manchester United target Henrikh Mkhitaryan replacement, Mesut Ozil turns down Barcelona
Mesut Ozil is understood to have given Barcelona a two-week deadline to decide whether they want to recruit the Arsenal star.

CBA Admits to Money Laundering and Terror Financing Failures
Among them, instances as recent as August this year including a customer identified as allegedly raising funds to support terrorism.

Apple releases iOS 11.2.1 update, fixes a bug in HomeKit
The Cupertino giant has been rolling out minor updates to fix the bugs, only to discover more issues cropping up. All you have to do is to click on the "Download and Install" button to download and install the new version.

Crytek Suing Star Citizen's Developer Over Contract And Copyright Issues
Crytek is seeking direct damages that "substantially" exceed US$75,000, alongside a number of other damages and injunctions. The next year, Crytek say that they told CIG and RSI that they were in breach of the Game License Agreement.

Nintendo Switch has a Decent Launch in Korea
Super Mario Bros . will join the Switch line-up of games that make you wish Virtual Console was ready. Bayonetta 3 will be developed by Platinum Games , the studio behind Bayonetta and Bayonetta 2 .