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FOX Is in Talks to Sell Most Assets to Disney

07 November 2017

Both 21st Century Fox and Walt Disney Company are scheduled to report quarterly results this week.

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.

The fact that Disney and Fox were in talks in the first place would indicate that there remains a chance, however slight, that the studios might yet come to an agreement. "People familiar with the situation" say there's no certainty a deal will happen and talks have been on-again, off-again.

According to the business network (which, ironically, is owned by rival NBCUniversal), the talks would have led to Disney acquiring Fox's film and television production studios as well as the cable networks FX and National Geographic.

Notably, Disney couldn't buy Fox's core TV resources even if it wanted to.

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The company could not own two broadcast networks and would therefore not buy the Fox broadcast network.

Disney, which under U.S. rules could not own two broadcast networks, would not purchase all of Fox, CNBC reported, citing the same sources.

Could the Walt Disney Company be buying Fox? That deal is now undergoing review by United Kingdom regulators. If and when Disney is back in possession of the rights that 21st Century Fox now holds, it would mean that Marvel Studios could finally bring a number of classic Marvel properties such as the X-Men and the Fantastic Four into its shared cinematic universe. However with this sale, Disney can merge the MCU with the aformentioned characters. Sports, news and The Simpsons fans shouldn't worry.

Sheikh said he is surprised that the Murdoch family, which controls 21 Century Fox, would consider giving up control of the company. Disney will be able to get the rest including movie and TV properties. Disney would acquire Fox's movie studio, cable networks like FX, and global holdings including its 39 percent stake in Sky. So it would definitely be interesting to see how a more-focused-on sports Fox would do, and how investors would react. Disney climbed 1.9% to 100.55.

FOX Is in Talks to Sell Most Assets to Disney