News Worms
News Worms


Disney's Deadpool? What could happen if Disney buys 21st Century Fox

Disney's Deadpool? What could happen if Disney buys 21st Century Fox

The two sides are not now talking, CNBC said. Disney did not immediately respond to a request seeking comment. In addition worldwide assets, such as Star and BSkyB, he reported that Disney is seeking to add entertainment networks such as FX and Nat Geo. Fox is also reportedly hoping to concentrate its focus on news and sports, potentially selling off the greater movie and television elements to a company with a better handle on the rapidly changing face of entertainment media and how audiences consume it.

The deal would not have included the Fox broadcast network, as a company can not legally own two broadcast networks, and Disney already owns ABC. Fox would have kept its news and sports holdings and would restructure around those assets.

While we've seen things like Daredevil come back to Marvel, the X-Men and Fantastic Four would obviously be huge, and apparently, it could happen soon. Disney would also not purchase Fox's local broadcasting affiliates, according to people familiar with the negotiations. And the general logic of "you need scale to succeed in entertainment" makes sense, as that's also been cited as a factor in the pendingAT&T-Time Warner deal. That deal is now undergoing review by United Kingdom regulators. Since a company can't own two broadcast networks, Fox would remain under the 21st Century Fox control/umbrella, as would the Fox sports programming as Disney believes joining forces between ESPN and Fox Sports could be seen as anti-competitive from an antitrust standpoint.

Reports disclosing "on-again-off-again" merger talks between 21 Century Fox and the Walt Disney Co. have sent Fox shares soaring in afternoon trading. Disney shares rose 1.6% on the news.

Fox's shares rose 5.8 per cent to $26.40 United States in afternoon trading, after being halted in the morning when the report came out.

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