Disney CEO Bob Iger flies to Brazil to seal Fox deal, but leaves empty-handed [Los Angeles Times (CA)]
Fox Corporation - Class A (FOXA)
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Source: Los Angeles Times
Disney CEO Bob Iger flies to Brazil to seal Fox deal, but leaves empty-handed Walt Disney Co. Chief Executive Bob Iger journeyed to Brazil to push for a key piece of regulatory approval on the entertainment giant’s proposed $71-billion deal with 21st Century Fox Inc., but the talks ended without an agreement. Iger’s intervention comes with Disney just a few steps from completing its transformative deal, in which it will acquire most of the entertainment assets of Rupert Murdoch’s Fox. Disney has said the acquisition will close in the first half of this year, and the company has hinted that it could be completed as early as next month. There are still some loose ends, including approvals in Brazil and Mexico and the sale of 22 Fox regional sports networks required by the U.S. Justice Department. The company has 90 days after the close of the Fox deal to complete that. Iger and his lawyers declined to answer questions after the meeting. Iger, 68, has a lot at stake personally. He has sp
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FOXA
Earnings
- 2/7/24 - Beat
FOXA
Sec Filings
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- FOXA's page on the SEC website