Culture&Arts

Twenty-First Century Fox And Walt Disney Said To Be In Talks

Twenty-First Century Fox And Walt Disney Said To Be In Talks

According to a report by CNBC, 21st Century Fox is in talks to sell part of the company to Disney.

The associated CNBC report indicates that, while the terms have been under discussion, talks are not now in progress between the two companies, and the deal is far from certain at this point. That could all change is the proposed FOX/Disney sale goes through, as FOX is reportedly looking to come out of said sale as a smaller company focused on news and sports. But Disney could acquire Fox's film and television studios, global assets like Sky and Star, and Fox's cable networks including FX and National Geographic. It would not buy Fox's sports programming assets in the belief that combining them with ESPN could be seen as anti-competitive from an antitrust standpoint and it would not buy the Fox News or Business channel.

Cable subscriptions, an area where both Fox and Disney have made fortunes, are slipping as more people "cut the cord" and rely on the internet to deliver their entertainment.

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If a deal like this did happen and did receive regulatory approval, it could have some significant effects on sports.

Would you like to see Disney buy 21st Century Fox?

In addition to the movie studio, TV production and worldwide assets such as Star and BSkyB, Disney would take the entertainment network FX and National Geographic, the report added.

Kate Upton Marries Houston Astros' Pitcher Justin Verlander in Tuscany
The two started dating around 2014 and Verlander proposed before the Major League Baseball season started in 2016. According to the supermodel, her and Verlander's special day will be packed with "fun, party, tequila and food".

Fox's stock is up more than 7% on the reports from CNBC and The Wall Street Journal, which cite unidentified insiders and describe negotiations not now being held.

At this point, nothing is official regarding the potential deal between Disney and Fox, but now that word is getting around, there's a good chance we'll hear more about it in the near future. Currently, Disney owns the Marvel, Pixar, and Star Wars catalogs.

Fox's shares rose 5.8 per cent to $26.40 USA in afternoon trading, after being halted in the morning when the report came out.

Cowboys Running Back Ezekiel Elliott: "I'm Not An Abuser"
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