news\ Dec 5, 2017 at 12:54 pm

Disney and Fox nearing $60 billion deal; Announcement possibly next week

Disney's monopoly continues.

Yesterday, we reported that Fox is back in talks with Disney to sell most of their company. The deal has been on the table since at least the start of November but no one was able to come to an agreement. After this news became public, tons of people begged Disney to buy Fox's assets in hopes that they'd acquire a bunch of Marvel properties like X-Men, Fantastic Four, and more.

Since then, the deal has reportedly progressed substantially and Fox is looking to sell most of their company to Disney for a mountain of money weighing in at $60 billion or more. The two media giants are on the verge of closing the deal officially and an announcement could come as soon as next week.

Fox will sell TV networks such as FX and National Geographic as well as movie studios, franchises, and more to Disney but local TV affiliates, Fox Sports, and Fox News will not be given to Disney. Fans are curious as to how Disney will approach handling R-rated film properties such as Alien, Deadpool, and others given the company tries to keep everything family friendly. It's possible that Disney will give it to one of their subsidiaries like Touchtone Pictures but we'll likely know in the coming months as Disney plans out their approach to their new library of properties.

We'll continue to keep you updated as this story develops.

[CNBC]

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