Disney Has Held Talks to Purchase 20th Century Fox

Disney has reportedly been in talks to buy most of 21st Century Fox

The merger scenario would see Fox selling most of its media assets to Disney, preserving a more focused company built on news and sports.

According to CNBC, the two sides are not talking now, but have held talks in the last few weeks, reflecting a view among Fox managers that the company could not gain the size needed to compete with Amazon, Netflix and other major media players. Essentially, piggybacking off of Disney's reach and scale could give Fox advantages that it would not have if it continues solo. Any potential deal would exclude a number of Fox assets such as the Fox broadcast network, Fox News, Fox Business, Fox Sports, or Fox affiliates. The Rupert Murdoch-owned Fox broadcast and Fox Sports will remain as they are. In animation, Fox also has the Ice Age franchise.

For Fox, reports of a Disney acquisition discussion come amid the company's pursuit of a majority stake in European pay TV operator Sky.

We'll be sure to keep you posted on this deal.

OnePlus 5T Coming Nov. 16
Without details on the phone, many OP fans are fretting about whether they should be setting aside the cash to order the phone. We're still waiting to find out how much the OnePlus 5T is going cost, and precisely what specs it will offer, however.

Michigan State upsets Penn State after lengthy delay
No one expected Ohio State to lose twice to give the Nittany Lions a chance to play for the Big Ten title. The Nittany Lions get the win, and in spectacular fashion - they've got a point to prove after all.

Set your clocks back an hour as Daylight Saving Time ends
Hawaii does not observe Daylight Saving Time and neither does Arizona (although the Navajo Nation, in northeastern Arizona, does). By "falling back", we'll see more daylight in the morning but that also means it will get darker earlier.

Under his resign Disney acquired Pixar for $7.4 billion in 2006; Marvel for $4 billion in 2009, Lucasfilm Ltd for $4 million in 2013 and even managed to regain the rights to the very first character ever illustrated by the company's namesake founder.

Meanwhile, Disney would get control of major entertainment brands - 20th Century Fox Studios, Fox Television, FX and National Geographic, as well as worldwide brands like Star and Sky - as it gears up to launch a Netflix-style streaming service next year.

Fox stock trading was halted when the news first broke. One of the parts FOX is looking to sell is the 20th Century FOX movie and TV production studio, which one presumes would include the rights to anything said studio controls, including the X-Men and Fantastic Four superhero teams. Disney's shares were up 1.2 pct at $99.86 US.

Shares of Twenty-First Century Fox jumped by about 10% to as high as $27.49 after CNBC's report, while Walt Disney shares surged by almost 3% to as high as $101.12.

Related:

  • Ezekiel Elliott playing for Cowboys after all, just like Chiefs planned

    Ezekiel Elliott playing for Cowboys after all, just like Chiefs planned

    He was never charged with a crime by the Columbus, Ohio, authorities who investigated the allegations. Chiefs coach Andy Reid admitted uncertainty, and a degree of indifference, about the situation.
    Rejuvenated Liverpool Thrash Woeful West Ham At The London Stadium

    Rejuvenated Liverpool Thrash Woeful West Ham At The London Stadium

    Asked after Saturday's defeat if he still had West Ham's backing, Bilic told BT Sport: "It's hard for me to talk about that now". Salah stayed rather too high up the pitch, with he and Firmino playing into the hands of West Ham's three-man defence.
    Final softwood lumber duties set in 20% range

    Final softwood lumber duties set in 20% range

    In addition, it concluded that Canada is providing unfair subsidies to its producers at rates from 3.34 percent to 18.19 percent. These duties are a tax on American middle-class families too, whose homes, renovations and repairs will only be more expensive.
  • SHERIFF: Multiple deaths after church shooting near San Antonio

    SHERIFF: Multiple deaths after church shooting near San Antonio

    A man has opened fire in a Baptist church in the USA state of Texas, killing at least 20 people, according to authorities. Sutherland Springs is a town with a population of roughly 362, and is located 35 miles east of San Antonio.
    Employee who deactivated President Trump's Twitter was contractor

    Employee who deactivated President Trump's Twitter was contractor

    Other Twitter users suggested the deactivation should be a permanent state of play for Mr Trump's account. A spokesman for the White House did not immediately respond to requests for comment.
    Georgia tops initial College Football Playoff rankings

    Georgia tops initial College Football Playoff rankings

    Penn State and TCU are next on the list despite each having a loss, with undefeated Wisconsin and Miami round out the top 10. The three one loss teams directly behind them now all have plenty of opportunities to make an impression on the committee.
  • Page: Conversation with Sessions about Russian Federation  trip was 'a brief comment'

    Page: Conversation with Sessions about Russian Federation trip was 'a brief comment'

    But Chris Wallace warns that any Democrats thinking about wanting to push Sessions out of office might want to reconsider. Instead, he is suggesting that the attorney general be allowed to submit updated written testimony, they said.

    Supreme Court refers pleas to deposit demonetised notes to constitution bench

    Governor, the latter can exercise his veto and citing differences, refer the matter to the President for decision. During the hearing, Mr Subramaniam told the bench that "an elected government can not be without any power".
    Rafael Nadal pulls out of Paris Masters due to knee problems

    Rafael Nadal pulls out of Paris Masters due to knee problems

    Paris semifinalist Isner would qualify for London if he went on to win what is the last Masters event of the year. It's normal that these kind of things happen. "I don't think he's regretting it one little bit".
  • Fifty Shades Freed Trailer

    Fifty Shades Freed Trailer

    The romance between Anastasia and Christian grew stronger and hotter after their marriage (Is that so?). The final teaser trailer for EL James' erotic thriller Fifty Shades trilogy has been released.
    Jags RB Leonard Fournette benched for Sunday's game

    Jags RB Leonard Fournette benched for Sunday's game

    After Green gave a light shove to the shoulder of Ramsey, he responded with a two-hand shove that sent his opponent to the ground. Robinson sprained his left ankle during the second play against the Colts and has been slowed all week.
    Galaxy Note 8 sales hit 1 mn units in S Korea

    Galaxy Note 8 sales hit 1 mn units in S Korea

    Samsung has announced a new version of its Galaxy Note 8 smartphone designed specifically for corporate users. The beta testing program for Android 8.0 Oreo on the Samsung Galaxy S8 and S8 Plus has begun.

Comments

Latest news

In Dropping David Luiz, Antonio Conte Sends Strong Message to Chelsea Roster
Perhaps that is why, as the Mirror put it, " David Luiz was left upset as he was made to watch from the side of the pitch and act as a ball boy".

Nadal's participation in Tour finals in the balance
Nadal started this season ranked No. 9 in the world, but a resurgent year-in which he has won the French Open and the U.S. Both players exchanged breaks early in the first set, but Nadal managed to carve out a 4-2 lead.

George HW Bush blasts Trump in new book: 'I don't like him'
A former US President, George W Bush has lambasted Donald Trump saying, "this guy doesn't know what it means to be President". After a year of holding back any firm praise for President Donald Trump , George H.W.

Deir Ezzor city declared fully liberated
The SDF control several oil and gas fields in eastern Syria, which they seized from IS militants this year. Deir Ezzor was also fully liberated on Friday, according to Syrian state media outlet SANA.

Refocused: Carolina Panthers 20, Atlanta Falcons 17
Jones got past Coleman and had a step on him heading into the end zone, but quarterback Matt Ryan's pass attempt was overthrown. Carolina running backs have only scored two of the team's six rushing touchdowns through week 9.

Australia Declines Aid from New Zealand in Refugee Crisis
A third-country resettlement deal struck between Canberra and Washington has so far only seen 24 refugees flown to the United States.

Israel considering Syria operation to 'assist' Druze after vehicle bomb
The military said that Tel Aviv's commitment to the Druze community is connected to the community's loyalty to the Israeli state. The IDF statement was issued in the wake of heavy fighting in Khader on Friday morning.

Roy Hodgson: 'I can not ask much more from Crystal Palace players'
With Hugo Lloris and Michel Vorm injured, the Argentine started against London rivals Palace and gave a good account of himself. It remains rooted to the bottom of the league, four points away from the nearest team.

Battle for Azeroth Expansion Announced
Blizzard did not give an official release date for Battle for Azeroth , but don't expect it before spring 2018 at the earliest. A year ago, there were even rumors that a revival of the classic World of Warcraft server was in the works.

Sprint and T-Mobile End Merger Discussions
It is still possible that Sprint will reject the new terms or decline investing any more effort into the potential merger. Although it has cut its costs, Sprint is saddled with considerable debt and has endured numerous annual losses.

Saudi Arabia intercepts missile targeting main airport
Saudi Arabia has intercepted a ballistic missile from Yemen, reports say, after a loud explosion was heard near Riyadh airport. The Saudis, who back Yemen's internationally recognised government, accuse the Houthis of starting the war.

StarCraft 2 is going free-to-play later this month
Blizzard has done a fantastic job of keeping StarCraft 2 current between paid expansions, free updates, and community events. For everyone else, the Heart of the Swarm and Legacy of the Void campaigns will be available to purchase for just $15 each.

Fan strips in end zone after Washington State scored against Stanford
In the last week's Thursday game, No. 20 Stanford was almost upended by Oregon State, still seeking its first conference win. Backup Tyler Hilinski threw for more than 500 yards last weekend, but his four interceptions helped Arizona win.

Zimbabwe: Police Arrests US Citizen Over Robert Mugabe 'Goblin' Tweet
Earlier this year, she presented a talk at a re:publica digital culture conference on "How Zimbabweans Rebel Online". Social media posts played a major role in fueling major anti-government protests in Zimbabwe past year .

Bergdahl spared from prison, Trump calls sentence 'disgrace'
Bergdahl, who's a traitor, a no-good traitor, who should have been executed", Trump said at an October 2015 rally, for example. President Donald Trump, whose campaign-trail criticism loomed over the case, quickly called the sentence a "disgrace".

Other news