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Disney 'Closing In' On Deal to Buy 21st Century Fox

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Avengers 4

Off the bat, Disney would gain the complete catalog of Star Wars live action films that Fox now owns, including the rights to the original soundtracks of those films.

CNBC is reporting (full video below) that Disney is closing in on a deal to acquire 21st Century Fox, the parent company of the 20th Century Fox film studio, the Fox cable networks, and various entertainment holdings.

Britain's Competition and Markets Authority (CMA), which has been inundated with submissions from interested parties over the high profile takeover, said on Wednesday it would make its provisional findings public in January, rather than the week of December 18.

Bradley also asked the regulator to scrutinise whether the deal would give him too much influence at the heart of the British media.

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CNBC had reported earlier on Tuesday that a deal for Disney to buy Fox's movie studio and television production assets for more than $60 billion could come as early as next week. The deal will leave Fox with only its broadcast network, Fox Sports, and news and business divisions. Fox would be left with its news and sports assets.

If the deal goes through investors in Fox will get a fixed exchange ratio of Disney shares plus one share in the Fox entity that remains after the asset sell-off.

Shares of Twenty-First Century Fox rose 3.2 per cent, while shares of Disney fell 2.1 per cent Tuesday.

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