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Disney eyes 21st Century Fox assets

Disney eyes 21st Century Fox assets

It did discuss buying Fox's movie and TV production studios, cable networks FX and National Geographic and worldwide assets such as the Star network in India and European pay TV provider Sky Plc, CNBC said. It also could extend Disney's reach into global markets. The pre-merger clearance process would very likely take a number of months, and the final deal might look very different from what the studios agreed to at the beginning, especially if Disney is required to sell Fox assets to get government approval.

The CMA is looking at whether the deal would give Fox, which is controlled by Rupert Murdoch and his sons James and Lachlan, too much market power and hurt media plurality in Britain, as well as whether the company would have a "genuine commitment to broadcasting standards". Rather, the Fox broadcast network wouldn't be part of this potential deal, nor would its business or news channels, its local affiliates, and similar.

One Wall Street said any potential asset sale will not come cheap. MoffettNathanson co-Founder Michael Nathanson said of Fox, "They're good at sports and news and I think they realize that in their film and television business, it's probably better to be a seller."Nathanson said the "worry" is Fox as a company becomes so small that with the next National Football League deals, they will be "outbid by someone bigger."Nathanson said, "what everyone in our world is worrying about is that the next National Football League deal will be a lot more money".

Three terrorists, army man killed in an encounter in Pulwama
The issue of how these weapons have reached militants in Kashmir will be taken up with Embassies concerned through proper channels.

That's because, long before it became a blockbuster studio that would be bought by Disney in 2009 for $4 billion, Marvel sold off the film rights to several of its popular characters to various studios. Furthermore, Disney would also not buy Fox's sports programming assets in the interest that marrying them with ESPN would be viewed as anti-competitive from an anti-trust point of view. The screen-grab below features a billboard with the iconic logo and the words "A Division of Walt Disney Co." underneath. The deal between Fox and Disney is said to be aimed at leaving the former's news and sports properties and selling the rest to the latter. DEADLINE's Chmielewski & Hayes noted in the short term, most Wall Street analysts and media observers see "plenty of upside for Disney but murkier prospects for Fox" (DEADLINE.com, 11/6). So, while there's no deal yet, we wouldn't be surprised if "The Simpsons" is proven right once again.

21st Century Fox stock closed at $27.45 Monday.


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