Disney Executive Says Deal With 21st Century Fox Is Almost Done

During an interview with The Hollywood Reporter, Disney executive Kevin Mayer provided an update on the company’s deal with 21st Century Fox.

Disney’s acquisition of 21st Century Fox’s key nearly hit a roadblock when Comcast made a competing offer in June 2018 and while Disney ultimately won the bidding war, the deal still has international regularly hurdles to clear. However, Walt Disney direct-to-consumer and international offers chairman Kevin Mayer noted that the deal is nearly closed and expressed his excitement about 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 a nervousness.”

To date, the acquisition has already been approved by European antitrust regulators, though this go-ahead required Disney to sell its stakes in Europe in such networks including Lifetime and History. China approved of the deal without any conditions.

The deal would bring together Fox franchises including X-Men, Fantastic Four, Avatar, and The Simpsons with Disney’s Star Wars, Marvel, and Pixar properties.

Stay tuned to Heroic Hollywood for the latest news on the deal between Disney and Fox.

Source: The Hollywood Reporter