Fox & # 39; resumes sales talks & # 39; with Walt Disney – tech2.org

Fox & # 39; resumes sales talks & # 39; with Walt Disney



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Rupert Murdoch's 21st Century Fox has resumed talks with Walt Disney over a sale of "most" of his business, including his participation in Sky.

Conversations between the two companies were concluded that the end of the month

but reportedly, including the Wall Street Journal, in which the Murdoch family has a large share, the talks resumed.

Negotiations are said to include Fox's cable and television networks and international divisions, including Sky.

The rest of the group, which includes Fox News Channel, Fox's broadcast network and sports rights, is not believed to be for sale.

Fox He is currently in the process of trying to buy the rest of Sky he does not have yet. At the moment, it has a 39% stake in the satellite station, but wants full control.

Regulators are badyzing this agreement due to concerns about the level of influence it would give media companies controlled by the Murdoch family in the UK media. Media badyst Claire Enders, founder of Enders Analysis, said that Disney's interest in Fox was "very credible."

Ms. Enders said that "a big conglomerate" like Disney, an agreement focused on consolidation would be "very sensible," and would save hundreds of millions of dollars through "combined efficiencies."

But he said the talks could not progress significantly before a critical auction of UK Premier League rights early next year, which could affect Sky's valuation.

Caption

How 21st Century Fox fits into the Murdoch empire

A Disney agreement is not expected to prevent Fox from pursuing the rest of Sky's actions.

Acquisition conversations occur in a context of turmoil in the media industry, as viewers increasingly turn to online video and move away from pay-TV subscriptions.

According to reports, this change was what drove the Disney approach; Combining Disney's broad entertainment offer with Fox's could be a way to counter the growing threat from Amazon and Netflix.

US cable group Comcast, owner of NBCUniversal, and telecoms operator Verizon have also expressed interest in Fox's entertainment badets.

Analysts say that changing consumer habits have also led to the Media and entertainment executives to explore further consolidation of content creation and distribution functions.

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