21st Century Fox Considering Selling Much of Itself to Disney

Tammy Harvey
November 7, 2017

CNBC reported Monday that 21st Century Fox has been "holding talks" about selling most of the company to Walt Disney Co.

Shortly after the initial report surfaced that Disney had entered into talks with 21st Century Fox to acquire the latter's movie properties ad right, a second report has arrived throwing that deal into doubt.

According to CNBC, the buzz around the talks is that a deal will come to fruition due to Fox being rather bullish about its desire to let go of its purely entertainment branch.

Fox reportedly believes they will be more competitive if they focus their properties around news and sports. Instead, it could refocus its business around a core group of news and sports assets like Fox News and Fox Sports 1.

Could the Walt Disney Company be buying Fox?

In addition to the movie studio, TV production and global assets such as Star and Sky, Disney would also add entertainment networks such as FX and National Geographic.

SuperHeroHype will keep you up to date on any new movement on this potentially momentous deal!

If a deal like this did happen and did receive regulatory approval, it could have some significant effects on sports. For fans of comic book movies, this could be the biggest movie news of all time... Fox's recent hits have included The Planet of the Apes and X-Men franchises while Disney controls Pixar and the Star Wars series. It's also a little frightening, as Disney-Fox would essentially create one Mega Hollywood studio conglomerate, which could make the modern movie going experience even more homogeneous than it already is.

Fox's shares jumped 9.9 percent to close at $27.45 on Nasdaq, and Disney shares climbed 2.0 percent to $100.64 on the New York Stock Exchange. James Cameron is now at the helm of filming four back-to-back Avatar sequels to the most successful movie of all-time, and already worked closely with Disney on the new attraction Pandora - The World of Avatar at Orlando's Disney World.

Other reports by Ligue1talk

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