Rupert Murdoch, the media mogul who controls two media empires, 21st Century Fox and News Corp, is looking to unload the bulk of 21st Century Fox and there are many of his competitors circling. Company’s like Comcast which owns NBC Universal has expressed interest in Mr. Murdoch’s businesses which is said to be valued at $50 billion. But Mr. Murdoch and his sons/deputies have their sights set on one buyer that they believe is the best fit for their beloved media and entertainment assets which includes the 20th Century Fox movie studios and that’s Disney. The Murdoch are said to favor Disney as the buyer for their empire because its a better strategic fit and Disney acquiring 21st Century Fox would face little to no regulatory hurdles. It was reveled last month that the companies have been in talks but then those talks stopped only to start back up again.
The Fox assets that buyers have expressed interest in include Fox’s movie and TV production studios, cable networks FX and National Geographic, and international assets such as the Star network in India, and the European pay TV provider Sky Plc
Disney has been under indirect pressure to acquire something big but CEO Bob Iger who is leaving in 2o19 has not shown a big appetite for making industry changing acquisitions. Many analysts and industry watchers for years have pushed Netflix as a good buy for Disney, but instead Disney has pulled away from Netflix, launching its own streaming platform for its vast content. Other analysts however have pushed for the opposite, where Disney would be acquired by tech giant Apple. But apple has also not shown a big appetite for industry changing acquisitions. Disney was the target of a takeover attempt back in 2004 when Comcast made an unsolicited $54 billion bid for the company. Some see this 21st Century Fox attempt as Mr. Iger making a safe play for businesses he knows and understands to ensure he doesn’t exit the company on a low note.
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