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

1 min

The acquisition of 21st Century Fox’s key assets by Disney almost hit a roadblock when Comcast made a competing offer in June and while Disney did win the bidding war, the deal still has international hurdles to clear.

However, Walt Disney international offers chairman Kevin Mayer noted that the deal is almost closed and expressed his excitement regarding the future.

“The deal closing keeps me up at night, but it is almost done and closed. 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 nervousness.”

Till date, the acquisition has been approved by European antitrust regulators, though this required Disney to sell its stakes in Europe in networks including History and Lifetime. Meanwhile, China approved the deal without any conditions.

This deal would bring the X-Men, Fantastic Four, Avatar and The Simpsons to Disney’s properties.

Like it? Share with your friends!

Vasu Sharma