Published: Tue, December 05, 2017
Tech | By Dwayne Harmon

Disney resumes talks with Fox to buy most of company

Disney resumes talks with Fox to buy most of company

The assets would include most of the company's media arm including UK platform, Sky, Sky TV channels (UK), Star TV Network (India) and Fox's film studio. CNBC had said that the firms had discussed the structure as well as the price of the deal, but these details were kept under wraps.

Disney is once again actively pursuing the acquisition of Twentieth Century Fox, and the deal is said to be very close to pushing through.

The Murdochs - Rupert Murdoch, 86, and his sons James and Lachlan, Fox's top officers - are considering a sale as the market values the group below slower-growing peers. Adding Sky to the portfolio would give Disney and Comcast new worldwide reach. The Disney streaming service will put the company head-to-head with Netflix, which will lose streaming rights to Disney shows and movies.

A deal with Fox would give Disney additional content for the latter as media companies race to stake their claim on content to promote their own streaming services.

Fox is now struggling to complete its £11.7 billion (US$15.4 billion) deal to acquire 100% of UK-based Sky, which has successful pay TV operations in major European territories.

After the response to these talks, Disney and Fox are reportedly back in talks. If Disney gains all these properties, could we lose out on some major franchises and riskier movies like Logan and Deadpool? The government has said the merger of a large TV distributor and producer would stifle competition and hurt consumers.

There's also the possibility that the deal couldn't push through, but I think that everyone would prefer it if Disney was the one who got the X-Men instead of Comcast. Reuters had reported last month that apart from Disney, both Comcast and Verizon Communications Inc VZ.N had also expressed interest in acquiring a significant part of Fox's assets.

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