Disney deal for Fox assets may mean Robert Iger stays longer

MOVIE MOVES Walt Disney Company CEO Robert Iger above would likely stay on to help acquire 21st Century Fox’s movie and TV studios. Disney would get the film rights to franchises such as the ‘X-Men,’ while News Corp. CEO Rupert Murdoch would keep

According to the LA Times, Disney's board would extend Iger's contract to help the company navigate the significant regulatory hurdles needed to finalize any Fox buyout deal, and to oversee integration of Fox properties within Disney.

The Fox broadcast network, FS1, FS2 and the company's news and business channels would remain under the ownership of Rupert Murdoch and his family's company, which CNBC reported, stands to make $60 billion in the sale. Bob Iger, who is expected to step down in 2019, the Financial Times reports.

Walt Disney Co.'s potential takeover of much of 21st Century Fox could provide an enormous boost to Disney's ESPN sports empire. 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.

Reuters reported in November that Comcast, which is the largest United States cable provider and has a market value of around $188 billion, had expressed interest in Fox assets.

The request, reported on Wednesday by The Wall Street Journal, was confirmed by two people briefed on the approach that Mr. Murdoch has taken in the talks, which they cautioned could still fall apart. As ratings decline across cable networks, Fox has reportedly found it hard to scale its media enterprise.

While Fox and Disney are negotiating, actors Chris Evans and Ryan Reynolds have been making jokes about what the deal could mean for their starring roles as Marvel characters Captain America and Deadpool, respectively. With Fox's entertainment assets under its belt, including Fox's corporate stake in Netflix rival Hulu, Disney might finally prove a formidable foe.

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