Disney slides on news its close to deal with Fox

Did he see Kylo blow up Leia's ship?   Disney  Lucasfilm

Did he see Kylo blow up Leia's ship? Disney Lucasfilm

Bradley also asked the regulator to scrutinise whether the deal would give him too much influence at the heart of the British media. But one thing is entirely clear: if this deal is agreed to, finalized, and approved by the federal government, its impact will be truly seismic for both the sports world and the television industry as a whole.

Walt Disney Co.is closing in on a deal to buy the media assets of Twenty-First Century Fox Inc., according to media reports Tuesday.

Fox is reportedly hoping that sports and news will be more resistant to cord cutting because Americans still largely watch news and sports live.

It is rumored that this deal will be valued at above $60 billion. Fox has also been talking to Comcast, which owns CNBC. The sale would include Fox's movie studio, cable channels and global units-Sky and Star India.

Comcast, the US's largest cable operator and owner of NBC Universal, the TV network and movie studio company, is also reported to be assessing a bid, as is Verizon, the largest United States telecoms group.

Of course, this deal comes with its pros and cons.

Additionally, Disney would re-gain the rights to the Marvel X-Men and Fantastic Four film franchises.

The news has us salivating at the possibilities of an X-men/Avengers crossover and having mutants in the Marvel tv shows would be pretty damn cool.

There is some worry that if Disney does acquire Fox, everything that Fox had and now owns would be Disneyfied, meaning it would be watered down. It's possible Disney simply had more money on the table.

However, that is all just speculation for now. We'll keep you posted.

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