Disney Executive Reveals That Disney-Fox Merger Deal Is Almost Done

1 min

It has already been over a year since the first reports of The Walt Disney Company’s purchase of 21st Century Fox’s assets Durga we on the internet, and now the deal is almost sacked. We’re on the verge of the biggest Hollywood shake-up ever.

According to Disney’s chairman of International and direct-to-consumer offers, Kevin Mayer, the deal is almost about to complete.

“The deal closing keeps me up at night, but it is almost done and closed,” Mayer said in an interview with The Hollywood Reporter. “I’m eager to execute. I’m eager to get these services out in the public’s hands. That is an excitement more than it is a nervousness.”

Mayer has been involved with the deal since the beginning, as he has been one of the biggest deal makers for Fox. After the purchase got agreed to, Mayer was called over to Disney to oversee ESPN+, the coming launch of the Disney+ service.

While working on the deal last year, Mayer was confident that it will seek through, no matter what comes in the way.

It was always clear that the transaction made a great deal of strategic sense,” he said. “With that in the back of your mind, you always think you can overcome most of the day-to-day travails of doing a deal like this. There were a couple of times where it looked like there was a problem. We overcame it.

“It was the biggest [deal] we’ve ever done. We did have a moment or two when there was a disconnect in terms of value, but that’s to be expected. We didn’t pay a price we thought was unfair at any point.”

Like it? Share with your friends!

Vasu Sharma