The Wall Street Journal: Disney re-opens talks to buy some of 21st Century Fox’s assets, say sources

December 03
01:04 2017

Walt Disney Co. has re-engaged in discussions with 21st Century Fox to purchase some of the media giant’s assets, and Comcast Corp. remains in the mix, with deal talks gaining momentum, according to people familiar with the situation.

The talks center on the Twentieth Century Fox movie and TV studio, international assets such as Fox’s FOX, +1.03%   39% holding in U.K. satellite TV provider Sky PLC SKY, -0.69%   and India’s Star TV, along with some U.S. cable networks. Fox News, the Fox broadcast network and sports network FS1 aren’t expected to be sold in any transaction, the people said.

Rupert Murdoch and his family, who hold 39% of 21st Century Fox’s voting shares, expect to make a decision by year’s end on whether to pursue a transaction, the people said.

Disney DIS, +0.41%   first reached out to 21st Century Fox about a possible deal several weeks ago, but the talks cooled after the two sides couldn’t agree on price, among other issues, people familiar with the matter have said.

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