Disney and Fox Deal May Be Announced This Week

Disney and Fox Deal May Be Announced This Week

U.S. media giant Comcast has dropped out of the running to buy 21st Century Fox, leaving Disney as the main contender, according to reports.

Fox includes not only the Fox broadcast network, but also cable channels Fox News, FX and Fox Sports 1, among others.

The deal, valuing the Fox assets at about $60 billion (€51 billion) including debt, could be announced as early as Thursday, according to people briefed on the negotiations.

Fox would create a new company from its remaining assets including the Fox television channel, Fox News Channel and the Fox Sports channels.

All yours, Disney: Comcast has taken itself out of the running for Fox.

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Asked if he is playing father to Salman in the franchise's third project, he said: "I don't have a problem with it". The two have previously worked in movies like Biwi No.1, No Entry , Yuvvraaj and Salaam-e-Ishq: A Tribute to Love.

However, Mangold told Deadline that if Disney buys out the studio it would mean "less movies" will be made. That is what we tried to do and we are no longer engaged in the review of those assets.

In addition to the Marvel properties, Disney would acquire: "Fox's movie and TV studio, networks including FX and National Geographic, and global assets including Star India's TV channels and a 39 percent stake in European satellite provider Sky Plc".

21st Century Fox is controlled by media mogul Rupert Murdoch, along with sons James and Lachlan. Comcast, which owns Universal Pictures, was also in talks with Fox to acquire the deal. "We never got the level of engagement needed to make a definitive offer".

Walt Disney Co (NYSE:DIS) has plans underway to acquire a huge of a part of the 21 Century Fox as part of the strategy to transform the firm into an effective direct-to-consumer digital powerhouse to compete with Netflix.

However, Marvel still does retain some input into the franchises and Fox needs Marvel to sign off on all TV deals regarding the superheroes, however, since the Marvel owns "The Avengers" there has been some overlap with characters such as Quicksilver and Scarlet Witch - who have been members of both teams in the comics. This could make the Disney purchase of Fox one of the largest deals ever seen in the world of entertainment.

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