We know you don’t need another article telling you how close Disney is to closing this deal with 21st Century Fox, but there are a couple other key details that the folks over at Variety were able to uncover.
For starters, this deal is nearing a close, and it looks like the deed could be done for a whopping $60 billion-plus. To put that into perspective, Lucasfilm and Marvel were each fully acquired for north of $4 billion, and Pixar was acquired fore $7.4 billion. This one trumps those deals several times over and over again.
Another key detail is that Comcast — who was also in the running to acquire most of Fox’s assets, has dropped out of the running. Comcast responded with a statement, saying:
“When a set of assets like 21st Century Fox’s becomes available, it’s our responsibility to evaluate if there’s a strategic fit that could benefit our company and our shareholders. That’s 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. We have a terrific company with a strong portfolio of businesses and will continue to focus on driving growth, innovating, creating great content, and providing excellent experiences for our customers.”
We’re incredibly eager to see what the final deal entails, and what 21st Century Fox will do with their remaining assets, and what Disney will do once it’s all done.
We’ll be sure to keep you updated as all this develops.
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