Has Disney been in talks to buy Fox?

Twenty-first Century Fox, Inc. - FOXA - Stock Price Today - Zacks

Bloomberg is reporting that while talks between Disney and Fox did take place over the past few weeks, talks have now stalled. Fox is also reportedly hoping to concentrate its focus on news and sports, potentially selling off the greater movie and television elements to a company with a better handle on the rapidly changing face of entertainment media and how audiences consume it.

At the very least, buying Fox's production studios would give Disney much more programming to include in its Netflix-style online streaming service that it is planning to offer in late 2019 or 2020.

"When asked how much Twenty-First Century Fox's mentioned assets will cost she replied, "$20 billion.

Disney, which under U.S. rules could not own two broadcast networks, would not purchase all of Fox, CNBC reported, citing the same sources.

Cable subscriptions, an area where both Fox and Disney have made fortunes, are slipping as more people "cut the cord" and rely on the internet to deliver their entertainment.

Multiple people killed in shooting at Texas church
Texas Attorney General Ken Paxton said in a statement that his office "stands ready to assist local law enforcement as needed". Some things that get reported by the media will later turn out to be wrong. "I am monitoring the situation from Japan".

For Fox, the willingness to engage in sale talks with Disney stems from a growing belief among its senior management that scale in media is of immediate importance and there is not a path to gain that scale in entertainment through acquisition.

The company would obtain 21st Century's film studio and television channels including FX, FXX, National Geographic along with global stations such as Star and Sky.

If a deal like this did happen and did receive regulatory approval, it could have some significant effects on sports.

Fox's biggest movie franchise at the moment is the Disney-owned X-Men franchise, which easily could fold into the Marvel Cinematic Universe should Disney buy Fox.

Fox stock trading was halted when the news first broke. Disney shares rose 1.6% on the news. But 21st Century Fox wouldn't sell all of its company.

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