“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.