Disney’s Deal for 21st Century Fox Is Said to Be Close [The New York Times]
Fox Corporation - Class B (FOX)
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Source: The New York Times
Photo If Disney buys Rupert Murdoch’s entertainment empire it would control a movie library that includes popular series like “X-Men,” starring Jennifer Lawrence. Credit Twentieth Century Fox Film Corporation LOS ANGELES — The Walt Disney Company was poised to complete a once-unthinkable deal to swallow most of Rupert Murdoch’s movie and television empire, a $60 billion-plus acquisition that would supercharge Disney’s global streaming-service ambitions , threaten to undercut Silicon Valley’s entertainment aspirations and most likely prompt further consolidation in Hollywood. Disney was closing in Tuesday on an all-stock transaction to cleave out most of the assets of 21st Century Fox, which is controlled by the Murdoch family, with an agreement possibly coming as soon as Thursday, according to two people briefed on the matter, who spoke on the condition of anonymity because the talks — now down to the final details — were private. “
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