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Subject: "21st Century Fox might sell a majority of the company to Disney" Previous topic | Next topic
bwood
Member since Apr 03rd 2006
7842 posts
Mon Nov-06-17 01:53 PM

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"21st Century Fox might sell a majority of the company to Disney"


  

          

https://www.cnbc.com/2017/11/06/21st-century-fox-has-been-holding-talks-to-sell-most-of-company-to-disney-sources.html

21st Century Fox has been holding talks to sell most of the company to Walt Disney Co., according to people familiar with the situation.

-Disney would not purchase all of Fox, according to people with knowledge of the talks.

-Fox said to believe that a more tightly focused group of properties around news and sports could compete more effectively.

-The two sides are not currently talking at this very moment, sources said.

David Faber | @DavidFaber
Published 17 Mins Ago Updated 1 Min Ago
CNBC.com

21st Century Fox has been holding talks to sell most of the company to Disney: Sources
1 Min Ago | 03:08

21st Century Fox has been holding talks to sell most of the company to Walt Disney Co., leaving behind a media company tightly focused on news and sports, according to people familiar with the situation.

The talks have taken place over the last few weeks and there is no certainty they will lead to a deal. The two sides are not currently talking at this very moment, but given the on again, off again nature of the talks, they could be revisited.

For Fox, the willingness to engage in sale talks with Disney stems from a growing belief among its senior management that scale in media is of immediate importance and that there is not a path to gain that scale in entertainment through acquisition. The company is said to believe that a more tightly focused group of properties around news and sports could compete more effectively in the current marketplace.

The media landscape has changed considerably in recent years with giants such as Facebook, Google (Alphabet), Amazon and Netflix changing the way people consume media and dominating the digital distribution of digital video content. Being able to compete in that changing landscape, many people believe, requires scale that a Disney has, but 21st Century Fox does not.

For Disney, the opportunity to take control of another movie studio and significant TV production assets as it readies a direct-to-consumer entertainment streaming offering is attractive as is Fox's significant exposure to international markets, such as the U.K., Germany and Italy — both through its networks and 30 percent ownership of BSkyB. Disney recently announced it will pull all of its movies from the Netflix platform and will establish two direct-to-consumer offerings: one for sports and one including its key franchises such as "Star Wars" and Marvel.

Disney would not purchase all of Fox, according to people with knowledge of the talks.

The company could not own two broadcast networks and would therefore not buy the Fox broadcast network. It would not buy Fox's sports programming assets in the belief that combining them with ESPN could be seen as anti-competitive from an antitrust standpoint and it would not buy the Fox News or Business channel. Disney would also not purchase Fox's local broadcasting affiliates, according to people familiar with the negotiations.

In addition to the movie studio, TV production and international assets such as Star and B Sky B, Disney would also add entertainment networks such as FX and National Geographic.

The contemplated structure of the deal or the price that has been discussed could not be learned. Given it would involve the sale of many, but not all of Fox's properties, it's unclear how Fox would mitigate potential tax consequences of a deal.

Officials at Disney and Fox declined to comment.

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America from 9:00 on: https://youtu.be/GUwLCQU10KQ

  

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21st Century Fox might sell a majority of the company to Disney [View all] , bwood, Mon Nov-06-17 01:53 PM
 
Subject Author Message Date ID
Gotta be an easier way to get the xmen in MCU
Nov 06th 2017
1
To be fair, Fox didn't want to do those either.
Nov 06th 2017
2
Logan wouldn't have. Deadpool probably would have.
Nov 06th 2017
3
I want X-Men and the Fantastic Four in the MCU so bad.....
Nov 08th 2017
9
So this is really about Disney trying to take on NetFlix?
Nov 06th 2017
4
Its all of the above
Nov 08th 2017
5
Don't forget Simpsons. And a lot more.
Nov 08th 2017
6
MLB TV too
Nov 08th 2017
7
piracy sounds better and better every day...
Nov 08th 2017
8
great. more conglomerate capitalism.
Nov 08th 2017
10
Disney Is Back in the Hunt for Parts of 21st Century Fox (swipe)
Dec 03rd 2017
11
Looks like it's gonna happen
Dec 05th 2017
12
Thank you Jeebus, *cues Fox fanfare*
Dec 05th 2017
13
wonder if people will suddenly remember who the xmen are after this
Dec 05th 2017
14
oh of course
Dec 05th 2017
15
Thst would be hilarious tho
Dec 05th 2017
16
      This Marvel team will, finally, do the Fantastic Four justice
Dec 14th 2017
26
Black Panther sequel with Doom tho?
Dec 06th 2017
17
Is it then only a matter of time...
Dec 06th 2017
18
      I agree.
Dec 06th 2017
19
      Media consolidation is a very scary thing.
Dec 06th 2017
20
      Yeah, it's really bad news.
Dec 06th 2017
21
Announcement happening on Thursday
Dec 12th 2017
22
all hail our new disney overlords
Dec 12th 2017
23
Fox had a massive day at the Golden Globes. Now it all could end. (WaPo)
Dec 12th 2017
24
Disney Makes Deal for 21st Century Fox, Reshaping Entertainment Landscap...
Dec 14th 2017
25
Appropriate on the same day as the Net Neutrality vote. n/m
Dec 14th 2017
27
Terrible for the world, but GOOD FOR MARVEL. GALACTUS COMIN
Dec 14th 2017
28
      dat faustian bargain.
Dec 14th 2017
29
Comcast bids $65 billion for most of 21st Century Fox (swipe)
Jun 13th 2018
30
Have your humans call my humans!
Jun 13th 2018
31
Disney raises bid for Fox assets to $71.3 billion in cash and stock, top...
Jun 20th 2018
32
Reports that Comcast is raising their counteroffer.....
Jun 20th 2018
33
Disney wins: Comcast drops its bid for 21st Century Fox
Jul 19th 2018
34
hooray marvel
Jul 19th 2018
35
      for fun, they should put 21st Cent. Fox in front of Star Wars movies aga...
Jul 19th 2018
36
Fox and Disney shareholders just apporved the deal
Jul 27th 2018
37
Disney Promises Marvel Will Keep Making R-Rated ‘Deadpool’ Movies
Feb 05th 2019
38

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