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Fox 'resumes sale talks' with Walt Disney

06 December 2017

As media companies struggle to find a way to address a shift in how Americans watch content, it is now reported that Disney and Fox are close to a deal to sell most of Fox to Disney.

The news sent shares of Fox higher while Disney slumped. Now the deal that looked like it would take months to complete could be done as soon as next week.

Meanwhile, Fox would be left with its news broadcast operation, plus some of its sports assets, under the leadership of Lachlan Murdoch, James's brother.

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The Fantastic Four was never done right by Fox, so it's likely Disney/Marvel will reboot the characters to make them more likeable.

Disney are reportedly in talks with Fox to acquire their film and television assets in a deal that would amount to a staggering $60 billion. This new detail contradicts an earlier report, which suggested that Fox Sports properties would not be included.

Comcast Corp., which owns NBCUniversal in Universal City, also figured as a potential buyer for Fox's media assets, Reuters said. This means the new Star Wars films could include the iconic John Williams scores.

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At present, Disney now own the rights to the Marvel Cinematic Universe and Fox own the X-Men and Fantastic Four franchises.

The fresh talks of a deal cast doubt on Fox's £11.7bn bid to buy the remaining portion of Sky it does not already own, which is now facing scrutiny by the competition watchdog.

It's believed that a decision could come to a head within the next week or so, but until that happens, we'll keep you posted as this situation develops.

Wind Advisory in effect until 7 pm for southeast MI
Overnight lows will be in the upper teens to around 20, forecasters said, and there is a slight chance of snow Friday morning. Much cooler air will rush in with many locations not getting past the 50s on Saturday with a breezy north wind.

Fox 'resumes sale talks' with Walt Disney