Disney Could Be Purchasing A Majority Of 20th Century Fox

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The Rupert Murdoch-controlled 21st Century Fox has held talks to sell most of the company to Walt Disney, CNBC reported on Monday, citing unnamed people familiar with the matter.

The deal would not have included the Fox broadcast network, as a company can not legally own two broadcast networks, and Disney already owns ABC.

Disney, which under US rules could not own two broadcast networks, would not purchase all of Fox, CNBC reported.

Shortly after the initial report surfaced that Disney had entered into talks with 21st Century Fox to acquire the latter's movie properties ad right, a second report has arrived throwing that deal into doubt.

Disney was interested in buying 21st Century Fox's movie studio, TV production assets, entertainment channels such as FX and National Geographic, and some global assets such as BSkyB.

Fox was willing to discuss an acquisition with Disney because its senior management believed the way to scale its media properties was not by buying others, the report said.

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The gain in jobs came amid expectations that the economy has slowed from the torrid pace it set in the first half of the year. That was the largest gain since July past year , but was below economists' expectations for an increase of 310,000 jobs.

It is reported that FOX is hoping a news and sports focus would help them as the world of pay-TV is changing.

Disney, which owns the ABC television network, ESPN and has major studios in Hollywood, is set to launch its own streaming services aimed at competing against Netflix, Amazon and Hulu.

If a deal like this did happen and did receive regulatory approval, it could have some significant effects on sports. Essentially, piggybacking off of Disney's reach and scale could give Fox advantages that it would not have if it continues solo.

That's right, comic book movie fans - Disney might be on the verge of bringing the X-Men and Fantastic Four back to Marvel.

Disney announced plans in September 2017 to remove its Marvel and Star Wars projects from Netflix as it readies its own streaming service in 2019. Both companies had no immediate comment when contacted by Bloomberg News. Disney also would pick up Fox's Star and B Sky B global networks. But 21st Century Fox wouldn't sell all of its company. Disney shares rose 1.6% on the news.

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