DISNEY/FOX Deal Could Be Finalized Next Week - Report

DISNEY/FOX Deal Could Be Finalized Next Week - Report”

If a deal is made, Fox is expected to make its decision by the end of the year.

21st Century Fox is reportedly aiming to focus on its news and sports division, and sell off outside assets including its movie and tv studios, and its stake in various networks such as Fox, FX, Sky, and Star TV.

News Disney had first gone in for Fox's TV and film businesses emerged early last month, but those negotiations led to nothing.

Fox is exploring a potential sale as it is has been considered undervalued relative to its peers, said Brian Wieser, an analyst at Pivotal Research.

Shares of media and entertainment giant Walt Disney (NYSE:DIS) jumped as much as 7.1% on Monday, following a report from The Wall Street Journal this weekend that the company has "re-engaged in discussions" with Twenty-First Century Fox (NASDAQ:FOX) (NASDAQ:FOXA) about purchasing some of its assets.

Should Disney gain majority ownership of the company, they would also take over Fox's 31-percent ownership of Hulu, which is important as the studio has confirmed they're currently developing their own streaming service set to launch sometime in 2019.

FILE PHOTO: The logo of the Disney store on the Champs Elysee is seen in Paris, France, March 3, 2016. Any deal for Fox would include the remaining stake of Sky, sources have told Reuters.

Reuters reported in November that Comcast, which is the largest U.S. cable provider and has a market value of around $188 billion, had expressed interest in Fox assets.

Сomo este

Más reciente