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Murdoch Declines To Address Reports About Asset Sales


The 21st Century Fox sales talks have resumed, with both the Walt Disney Company and Comcast Corps re-engaged in active discussions, according to The Wall Street Journal.

The Murdoch family, which controls Fox, prefers a deal with Disney because it would rather be paid in Disney than Comcast stock, and expects a potential deal with Disney to be cleared by USA antitrust regulators more easily, one of the sources said. However, if Deadline is to be believed, negotiations between Disney and Fox have since reopened, and it is expected that the Mouse House is "progressing speedily" towards the acquisition, although any news on the talks will likely only be forthcoming once the ink has dried and the deal is done.

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Would you like to see Disney acquiring Fox?

Disney would acquire Fox's FX and National Geographic cable channels, its movie studio, the Star network in India and stakes in European pay-TV provider Sky PLC (SKYB.L).

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Fox would keep its news and business news operations as well as broadcast network and Fox Sports, CNBC added.

The company is in talks with Disney and Comcast Corp to combine certain assets with the potential buyers, and the Murdoch family aims to make a decision by the end of the year, according to Bloomberg. Combined, Disney and Fox would control almost 33% of this year's box office revenues, and that's before Disney has even released "Star Wars: The Last Jedi", a film that is tracking toward a $200 million opening weekend in the USA when it's released later this month.

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