Disney, Fox Deal Expected for Thursday

Disney-Fox deal would be a media and entertainment earthquake

The $60 billion-plus pact will see Disney acquire key entertainment and sports assets from 21st Century Fox, including its film and TV studio. "That is what we tried to do and we are no longer engaged in the review of those assets".

"We never got the level of engagement needed to make a definitive offer", Comcast said in a statement.

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In the past, rumors have circulated that Fox favors Disney and hopes to sell the shares to the entertainment conglomerate.

The Murdoch family, which controls Fox, prefers a deal with Disney because it would rather be paid in Disney stock than Comcast stock, and expects a potential deal with Disney to be cleared by US antitrust regulators more easily, one of the sources said. But Disney could acquire Fox's film and television studios, worldwide assets like Sky and Star, Fox's cable networks including FX and National Geographic, and Fox's numerous regional sports networks.

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On top of those assets, Disney would also acquire Fox's 30% stake in streaming television power Hulu.

While the exact portfolio of assets changing hands remains unknown, it appears that the Murdoch family will be left with only Fox Broadcasting and its local TV stations, cable giant Fox News and Fox Sports 1 and 2, cable networks launched in 2013. Shares of Disney were up 0.44% in early morning trading to just over $107, while shares of Fox rose.33% to $33.37.

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More Stock News: This Is Bigger than the iPhone! Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. However, it was Comcast that was being considered by the Fox studios.

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