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According to sources, Disney is in the lead to purchase assets from Twenty-First Century Fox.

Rumors have been swirling for a while now about Fox being in negotiations with not only Disney, but Comcast as well.

Now sources say the deal could happen soon, and that the Murdoch family would prefer to sell to Disney. reports: CNBC had reported earlier on Tuesday that a deal for Disney to buy Fox’s movie studio and television production assets for more than $60 billion could come as early as next week.

Fox shares were up 0.57 percent in late afternoon trading, while Disney was down 2.45 percent. Comcast shares were down 1.56 percent.

Disney, which has a market value of around $166 billion, would acquire Fox’s FX and National Geographic cable channels, its movie studio, the Star network in India and stake in European pay-TV provider Sky PLC (SKYB.L).

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Fox anticipates that its deal to buy the remaining 61 percent stake of Sky, which has been held up by regulators, will be approved in the first half of 2018. Any deal for Fox would include the remaining stake of Sky, sources have told Reuters.

Fox would keep its news and business news divisions, its broadcast stations and Fox Sports, the sources said.

H/T Reuters

The post BREAKING: Fox Grows Closer to Selling! appeared first on World Politicus.


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