Disney CEO Could Extend His Contract Again If Fox Deal Goes Through

Postado Dezembro 07, 2017

Disney chief Bob Iger might not be done just yet.

As per the information given by the insider, Fox will fix the deal by the end of the year.

Disney is now said to be in deep negotiations with Fox for a good chunk of the business. Meanwhile, Fox would keep its news, sports and broadcast network.

Comcast is targeting full control of United Kingdom satellite TV provider Sky in its battle with Walt Disney for Fox's film and television assets, according to an unnamed source cited by Bloomberg.

Disney could also take hold of Fox's 30% stake in Hulu, giving Disney a controlling interest in the streaming platform-Comcast/NBCUniversal owns 30% and Time Warner owns 10% of Hulu.

Fox-owner Rupert Murdoch and his family are favouring a transaction with Disney over Comcast because regulators would be more likely to clear the deal and they would rather be paid in Disney stock, sources told Reuters.

Jefferies analyst John Janedis estimates the deal would cost Disney about $78 billion and that the company would nearly entirely finance the deal with equity.

The deal, which would include Fox's movie assets and part of its TV assets, could be sealed as soon as next week, according to reports by CNBC.

"We assume DIS would pay ~$78B (equivalent to ~$42/shr), incl. the assumption of $12B in net debt, for almost $5.5B of EBITDA as well as FOXA's unconsolidated assets (SKY, Hulu)".