Disney-Fox megadeal expected for Thursday

“21st Century Fox and Disney are on a ‘glide path’ for a Thursday deal announcement, sources familiar with the deal said,” as CNBC is reporting.

“Disney became the sole suitor after Comcast dropped its bid for the majority of Fox assets on Monday.

“A week ago, CNBC reported that Disney and the Rupert Murdoch-controlled media company were closing in on a deal. The enterprise value of the Fox assets in the Disney deal is seen as above $60 billion, sources said a week ago, but that exact amount is still not firm.

“Current Fox shareholders would get one share of the company that remains after the movie and television assets are sold, plus shares of Disney in a fixed exchange ratio.

The article is here.

Author: jeffpelline

Jeff Pelline is a veteran editor and award-winning journalist - in print and online. He is publisher of Sierra FoodWineArt magazine and its website SierraCulture.com. Jeff covered business and technology for The San Francisco Chronicle for years, was a founding editor and Editor of CNET News, and was Editor of The Union, a 145-year-old newspaper in Grass Valley. Jeff has a bachelor's degree from UC Berkeley and a master's from Northwestern University. His hobbies include sailing and trout fishing.

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