Fox will no longer sell most of their company to Disney

Fox will no longer sell most of their company to Disney

The Rupert Murdoch-controlled 21st Century Fox has held talks to sell most of the company to Walt Disney, CNBC reported on Monday, citing unnamed people familiar with the matter. It would be barred from buying the Fox broadcasting network and was not in talks to buy local affiliates, Fox News or Fox Business Channel.

Would you like to see Disney buy 21st Century Fox?

The deal that was under discussion, as reported by CNBC, would have seen Fox selling its movie studio, television production unit and entertainment networks to Disney.

Fox reportedly believes they will be more competitive if they focus their properties around news and sports.

India vs New Zealand, 2nd T20I
Head coach Ravi Shastri also wished Kohli on Twitter and wished another fabulous year for the right-handed batsman. The Kiwi openers Martin Guptill and Colin Munro started cautiously and scored just 24 runs in the first 4 overs.

Any potential acquisition would have to clear regulatory hurdles - which is one reason why Disney is not interested in certain Fox assets.

The report regarding the deal indicates that Disney is avoiding the Fox Sports and Fox News assets, as well as the Fox broadcast network, in order to stay on the right side of antitrust laws. That £11.7bn ($15.41bn) deal has run afoul of regulators' concerns about media plurality in the United Kingdom and the Murdochs' commitment to broadcasting standards. It's also a little frightening, as Disney-Fox would essentially create one Mega Hollywood studio conglomerate, which could make the modern movie going experience even more homogeneous than it already is. Both companies had no immediate comment when contacted by Bloomberg News. Yes, the Fox broadcast network would still have plenty of non-sports content, but if their TV studio was included in this sale, they'd have to pick up their scripted programming elsewhere instead of in-house. It would also mean that every major Marvel Comics property that Fox owns-including X-Men, Fantastic Four, and Deadpool-would potentially come under the Marvel Studios umbrella, opening the door to combine these various characters and universes with the Marvel Cinematic Universe.

Disney announced earlier this year that it would launch its own direct-to-consumer streaming services next year, putting the company head-to-head with Netflix.

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