DISNEY 'CLOSING IN' ON DEAL TO BUY 21ST CENTURY FOX
The deal could be worth over $60 billion.
BY ALEX GILYADOV
Disney is reportedly closing in on a deal to purchase 21st Century Fox’s movie and television production operations.
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CNBC reports Disney's potential acquisition of the media company could come as soon as next week, with the deal expected to reportedly be worth more than $60 billion. While the Federal Trade Commission could try to block it, both companies are said to be interested in the acquisition.
Along with Fox's TV and movie assets, Disney will also acquire the company's Nat Geo, Star, and regional sports networks and its 30 percent stake in Hulu, among plenty of other properties. This of course includes Fox-owned Marvel properties like X-Men and Fantastic Four and the rights to James Cameron's Avatar sequels.
X-Men, Avatar Franchises Might End Up at Disney
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The arrangement would also give Disney the majority ownership of Hulu since it already has a 30 percent stake in the streaming platform. The deal will leave Fox with only its broadcast network, Fox Sports, and news and business divisions.
Discussions regarding
Disney’s possible acquisition of certain divisions of Fox was first reported in early November. While the originally detailed talks between Disney and Fox reportedly stopped, the
acquisition is now very much still on the cards.
Earlier this week director
James Cameron commented on how any sale this potential Disney, Fox deal would impact the Avatar sequels.
