Deals
For Disney CEO Bob Iger, Fox Deal Is All About Future of TV
- CEO seeks hit movies, TV shows -- and pipes to viewers’ homes
- Pay-TV services like Sky would become part of Disney’s empire
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When news broke last month that Walt Disney Co. was in talks to buy a large part of 21st Century Fox Inc., the first question many investors had was, why are the Murdochs selling? Then came the second: Why is Disney buying?
The $50 billion deal, which could be announced this week, would mark a significant turning point in the empire-building career of Fox’s founder and executive chairman, 86-year-old Rupert Murdoch. It would also be a defining moment for Disney and its Chief Executive Officer Robert Iger.