[UPDATED] Disney-Fox Talks Reportedly Dead

UPDATE: Bloomberg recently ran a report stating that while Disney and Fox were having talks regarding Disney buying most of their assets, the two companies are no longer talking with one another. So, in effect, the talks seem to be dead.

SOURCE: Bloomberg


Well, it sounds like the House of Mouse may acquire another big studio. According to CNBC, Disney is in talks to buy most of 21st Century Fox.

Pretty much, Fox is looking to sell virtually most of its non-news and non-sports-related assets, leaving behind the Fox broadcast network, their sports programing assets, Fox News and Business channels. Finally, they would also not be purchasing any of Fox’s local broadcasting affiliates. In short, what would be left behind is a much smaller media company very focused on news and sports, which isn’t necessarily a bad thing.

Everything else, it sounds like, would fall under Disney, including the movie studio and a lot of significant TV production assets, and perhaps could even lead to a merging of the Marvel Cinematic Universe and X-Men universe.

While this is all kinds of crazy and interesting, it is worth noting that while the talks have taken place over the past few weeks, there is still plenty of time for this to fall through before any actual paperwork is signed. Given all the potential red tape they’ll have to wade through, it may end up being much ado about nothing.

Interestingly enough, Fox’s shares have soared since this report has been published, so that goes to show what a lot of people think of this idea.

What do you think? Would you like to see Disney buy Fox? Let us know down below!

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Joseph Jammer Medina

Joseph Jammer Medina is an author, podcaster, and contributor at LRM Online. A graduate of Chapman University's Dodge College of Film and Television, Jammer's always had a craving for stories. From movies, television, and web content to books, anime, and manga, he's always been something of a story junkie.

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