Posted in: Movies | Tagged: film, HRL

Report: Disney Could Buy Fox by the End of the Year

Published Sat, 02 Dec 2017 14:39:30 -0600

Last updated Sat, 02 Dec 2017 19:57:46 -0600

Back in November, shocking reports revealed that Disney had been negotiating to purchase rival Fox, potentially bringing the Marvel characters from the X-Men and the Fantastic Four to the Marvel Cinematic Universe. The addition of the popular characters to the fan-favorite movie universe, as we can all agree, would be a thrill for moviegoers obviously far outweighing the disturbingly increasing power of Disney's monopoly on intellectual property. However, reports soon after claimed that the deal was dead and Disney wouldn't be buying Fox, and Rob Liefeld thought it was a bad idea.

Bleeding Cool speculated that the more likely scenario was that the companies did still want to do the deal, and one of them had leaked the story to put pressure on the other to gain some sort of advantage.

Well…

Now, a new report from the Wall Street Journal says that negotiations are back on. Furthermore, the report claims that Fox, which is courting other suitors like Comcast as well, wants to make a decision by the end of the year. According to an additional report from Variety, the deal could be worth almost $50 billion. If a deal goes through, it would leave the Murdoch family with Fox's news and sports assets, while Disney would take control of everything else. The Murdochs also own the Wall Street Journal, where this latest report originates.