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Murdoch Declines To Address Reports About Asset Sales

07 Diciembre 2017

Walt Disney has renewed discussions over acquiring a significant part of 21st Century Fox's media assets, according to a person familiar with the talks.

Earlier this month it was revealed that The Walt Disney Company had held talks with 21st Century Fox about acquiring a number of its assets, including its movie studio division 20th Century Fox, TV channels FX and National Geographic, Fox's TV production assets, and its stake in worldwide broadcasters such as Sky and Star.

The CNBC report adds, "The enterprise value of the Fox assets in the Disney deal is seen as above $60 billion, according to sources". Not included would be Fox News, Fox Broadcasting Co. and Fox Sports Networks.

James Murdoch, 21st Century Fox's chief executive officer, has had to battle a series of scandals at the company, including sexual harassment allegations at the top of Fox News.

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In addition to Disney and Comcast, both Sony and Verizon Communications have been previously named as potential suitors.

The Fox assets that buyers have expressed interest in include Fox's movie and TV production studios, cable networks FX and National Geographic, and worldwide assets such as the Star network in India, and the European pay TV provider Sky Plc.

Disney would also gain access to more content for its upcoming direct-to-consumer streaming service and increase its stable of cable networks at a time when ballooning sports rights costs are dragging down its once-formidable ESPN.