Walt Disney Held Recent Talks To Buy Most Of 21st Century Fox

21st Century Fox in Talks to Sell Most of Company to Disney Sources

Anything can happen day is falling on a Monday this week as published reports say the Walt Disney Co. has been holding talks to buy most of 21st Century Fox.

An acquisition would exclude Fox News because Disney can not own two broadcast networks, the report said. The reason for this is that the company could not own two broadcast networks and, as a result, could not purchase the Fox broadcasting network. The deals with Fox were signed long before Disney bought Marvel Entertainment in 2009. It would also exclude Fox's sports channels to avoid regulatory scrutiny that would come on concerns that combining with ESPN is anti-competitive. But Disney could acquire Fox's film and television studios, worldwide assets like Sky and Star, and Fox's cable networks including FX and National Geographic.

Executives reportedly believe that Fox could compete more effectively if it consisted of "a more tightly focused group of properties around news and sports". Apple, which also reportedly eyed the company, has always been seen as a potential buyer for Disney.

Disney reveals its latest earnings on Thursday and is expected to be quizzed by analysts about the report. Besides the movie studio, TV production, and assets like Star and Sky, Disney would gain entertainment networks like National Geographic and FX. A Disney spokesperson did not immediately respond to a request for comment.

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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.

Sheikh said he is surprised that the Murdoch family, which controls 21 Century Fox, would consider giving up control of the company.

After a deal was made between Sony and Marvel Studios to share Spider-Man, fans hoped Marvel and Fox could work out a similar deal to allow for the X-Men and Fantastic Four to join the Avengers on the big screen. So it would definitely be interesting to see how a more-focused-on sports Fox would do, and how investors would react.

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