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Iger Asked To Stay Disney CEO After Making Fox Deal

08 December 2017

Walt Disney Co Chief Executive Bob Iger will likely extend his tenure past 2019 to facilitate integration of Twenty-First Century Fox Inc assets if a deal is completed, the Wall Street Journal reported on Wednesday. The Fox assets would give him more programming for streaming products.

Disney joins companies including Comcast looking to buy a piece of the Murdoch family's empire.

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Some of the assets that would be acquired in the deal include National Geographic, various sports networks, stakes in Sky and Hulu and of course, Fox's film division. With the sale, Fox intends to focus on just sports and news and it believes that these are the fields where the firm can efficiently compete.

Multiple sources are reporting that the two entertainment giants are in talks and could strike a $60 billion deal as early as next week. Current Fox shareholders would get one share of the Fox company that remains after the movie and television assets are sold plus shares of Disney in a fixed exchange ratio.

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Comic book fans are understandably stoked at the possibility of seeing the X-Men and Fantastic Four characters become a part of the Marvel Cinematic Universe, but if this deal does happen, then Disney would be gaining far more than the rights of those Marvel characters. It could also finally mean the re-issue of the unaltered original Star Wars trilogy.

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Iger Asked To Stay Disney CEO After Making Fox Deal