21st Century Fox May Be In Conversation To Sell Pieces Of The Company To Disney

Per an article that CNBC released today, it looks like it is possible that Disney may buy pieces of 21st Century Fox in the near future.  The two companies have been in conversation off and on for the Walt Disney Co. to purchase select pieces of the organization.  If the purchase were to happen, it appears to be one that would leave Fox focused on sports, news, etc. rather than movies.  If the purchase were to happen, it would give Disney control over another movie studio as well as various TV production assets.  This could be a huge benefit to the company as they start to launch their own direct to consumer platforms to deliver media directly to consumers.  21st Century Fox also offers exposure to international markets like Germany, Italy, U.K., etc. that could be beneficial.

For Fox, the deal would allow the company to be more focused on news, sports and other media outlets where they would be able to more effectively compete in the marketplace.  Per the various sources that have been close to the conversations, the pieces of 21st Century Fox that would be left behind are the Fox broadcast network, Fox Sports, Fox News and Fox Business Channel.  The deal would not include the various local broadcasting affiliates, either.

 There is no confirmation at this time as to whether or not the deal will actually happen, but it would definitely be an interesting acquisition.  As always, we will keep you posted as we learn more.

Source Credit:  CNBC

About Christy Caby

I am a diehard Disney fanatic! I fell in love with all things Disney from an early age and that only increased once I first visited Walt Disney World! It led me to complete a yearlong Disney College Program working at merchandise locations within Disney’s Hollywood Studios (Disney-MGM Studios at that time) and I worked for Disney Parks & Resorts Technology in Project/Program Management. Now I get to write about Disney and help others plan their magical vacations! Disney holds a special place in the hearts of my entire family as my husband proposed there, we honeymooned there, took trips while pregnant with each of my boys and have visited with them many, many times from 8 weeks old through now. One of my favorite memories from each trip is always the look on my kids’ faces the first time they see the castle. I’d love to help you plan your magical vacation! Request a free quote at http://magicalvacationplanner.com/staff/christy-caby/ or look for me on Facebook at https://www.facebook.com/christy.caby. Have a magical day!