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Disney's bid for Fox assets gains momentum; Comcast still in contention

Fox is likely to keep its news and business news divisions, its broadcast stations and Fox Sports

Reuters 

Walt Disney Co is in the lead to acquire much of Twenty-First Century Fox Inc's media empire, though rival suitor Comcast Corp remains in contention, people familiar with the matter said on Tuesday. The Murdoch family, which controls Fox, prefers a deal with Disney because it would rather be paid in Disney than Comcast stock, and expects a potential deal with Disney to be cleared by US antitrust regulators more easily, one of the sources said. However, no deal between Disney and Fox is imminent and several issues have yet to be fully negotiated, the sources said. The ...

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First Published: Wed, December 06 2017. 14:03 IST
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