Disney And Fox Deal May Go Through This Week
The biggest merger in the entertainment industry may soon come to fruition. A deal between the Walt Disney Company and 21st Century Fox will reportedly be announced as early as sometime this week. According to Bloomberg, Comcast is no longer in the running, leaving Disney as Fox's only option. The deal would allow 21st Century Fox to keep Fox News, the Fox broadcast network and Fox Sports 1, while Disney would acquire Fox's movie and TV studio. The deal is estimated at around $74 billion.