CNBC is reporting that Disney is in talks with 21st Century Fox to purchase most of their company. The motive by Fox looking to sell to Disney? Fox is wanting to shift its focus solely to news and sports.
Sources are reporting that the talks have been on and off during the past few weeks. No formal deal has been reached at this time.
If a deal were to be reached, Disney would be purchasing the Fox Movie Studio, TV production and international assets such as Star and Sky. Disney would also be adding other entertainment stations to their portfolio such as National Geographic and FX. Disney would not be able to own two broadcast networks or another sports network so those would be staying with Fox as it seems Fox would want them to. Disney already owns ABC and ESPN.
As you can imagine, this would be huge news for Disney especially with Disney in development to launch their own Netflix-type streaming service. It would mean Disney would have control of yet another movie studio and TV production assets to bring to their new streaming service.
No comment has been offered by Disney or Fox at this time.
Keep following along with us for the latest updates on this developing situation.
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