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Disney Reportedly Close To Buying X-Men Film Studio 20th Century Fox

Disney Reportedly Close To Buying X-Men Film Studio 20th Century Fox

In the talks that may see Walt Disney buy most of 21st Century Fox, the future leadership of Disney is reportedly on the table.

In September the media secretary, Karen Bradley, asked the regulator to examine whether Murdoch had a genuine commitment to broadcasting standards following concerns about the running of his U.S. Fox News network.

Comcast, the US's largest cable operator and owner of NBC Universal, the TV network and movie studio company, is also reported to be assessing a bid, as is Verizon, the largest U.S. telecoms group.

Even if the CMA gives it the go-ahead, the deal could still be blocked by Britain's culture secretary Karen Bradley if she believes it goes against the public interest.

According to CNBC, much of the deal remains the same.

Toll Brothers Inc (TOL) Expected to Announce Quarterly Sales of $2.08 Billion
Other hedge funds have also recently modified their holdings of the company. 111 funds opened positions while 598 raised stakes. KeyCorp downgraded Toll Brothers to an "overweight" rating in a report on Tuesday. (NYSE:TOL) rating on Wednesday, August 24.

Comcast Corp., which owns NBCUniversal in Universal City, also figured as a potential buyer for Fox's media assets, Reuters said.

Of course, this deal comes with its pros and cons.

Reports on earlier talks did not include the sale of the 22 Fox owned-and-operated RSNs, which distribute local NBA, NHL and Major League Baseball games to roughly half the country's TV markets. It's possible Disney simply had more money on the table.

Alternatively, there's a chance that Disney could decide to leave the X-Men, Deadpool and Fantastic Four franchises separate from any of its Marvel Studios projects. But there is speculation that Disney would use Fox to distribute R-rated material. I'm sure more details of the deal will come out as soon as the deal is done. We'll keep you posted.


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