In what would be one of the most cataclysmic shakeups to ever happen to a traditional media company, 21st Century Fox is on the brink of selling the bulk of its assets — worth some $68 billion — to Disney. The Murdochs would take the remaining assets — Fox Broadcasting Co., Fox News and sports cable networks FS1 and FS2 — and form a smaller TV company. Negotiations have progressed, with a deal expected to be announced as early as next Wednesday.
"The Walt Disney Company said on Thursday that it had reached a deal to buy most of the assets of 21st Century Fox, the conglomerate controlled by Rupert Murdoch, in an all-stock transaction valued at roughly $52.4 billion.... The o...
It’s a media mega-deal – Rupert Murdoch is selling the vast majority of his 21st Century Fox media empire to larger rival Disney. But what does the £39bn deal mean for his attempts to take control of the British broadcaster Sky?
21st Century Fox is selling its interest in pay-TV systems in Germany and Italy as part of a $9.3-billion deal that will give Rupert Murdoch's media company a big pile of cash.
In a deal that enables Rupert Murdoch to amass a bigger war chest, 21st Century Fox Inc. is selling its stakes in two European satellite TV companies for $9.3 billion.