Disney & Fox Have Reignited 'Serious' Acquisition Talks

Disney and 21st Century Fox are closing in on a deal that could come as quickly as next week, according to a CNBC report citing sources familiar with the matter.

The company is said to be in talks on combining certain media assets, including Fox's stake in European pay-TV provider Sky Plc as well as its Twentieth Century Fox TV and Film studio, with Disney and Comcast Corp (CMCSA.O), Bloomberg reported.

Media Mogul Rupert Murdoch (C) poses for a photograph with his sons Lachlan (L) and James as they arrive at St Bride's church for a service to celebrate the wedding between Murdoch and former supermodel Jerry Hall which took place on Friday, in London, Britain March 5, 2016.

Fox would keep its broadcast network, the Fox News cable channel and Fox Sports.

If a deal is made, Fox is expected to make its decision by the end of the year. Fox and Comcast declined to comment, while Disney did not immediately respond to requests for comment.

In addition to Disney and Comcast, both Sony and Verizon Communications have been previously named as potential suitors. Fox is reportedly considering selling its movie and TV studios, some of its international assets, and some U.S. cable networks.

Fox shares were up 0.57 percent in late afternoon trading, while Disney was down 2.45 percent.

The transaction would involve Disney acquiring Fox's studio and television production assets - a portion of the business that has an enterprise value of more than $60 billion, CNBC's sources say.

  • Gilberto Valderrama