According to recent reports, Disney and Fox are very close to a deal to sell most of Fox to Disney. Early reports have said that Fox plans to keep their local stations, sports, and news divisions but sell off all the movie and TV assets of 21st Century Fox.
Now a new wrinkle has come up as it is being reported that Disney now wants Fox to also sell their regional sports networks to Disney. According to reports, Disney intends to use these networks to boost ESPN likely rebranding them as ESPN networks.
This could be a significant bump in the road for a deal that is not yet done. FOX has been said to want to keep their sports networks that are valued at $22.4 billion. That would be on top of the rumored $8.7 billion Disney was going to pay for their FX and National Geographic channels. Plus the cost of 21st Century Fox.
Nothing is official, but CNBC is reporting that a deal between Walt Disney Co and Twenty-First Century Fox could come as soon as next week.
It is rumored that this deal will be valued at above $60 billion. Yet if they add in the regional sports networks that could push the price higher. This could make the Disney purchase of Fox one of the most significant deals ever seen in the world of entertainment.
Source: LA Times
Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.