Disney Wants to Buy Fox's Regional Sports Networks

Along with Fox's TV and movie assets, Disney will also acquire the company's Nat Geo, Star, and regional sports networks and its 30 percent stake in Hulu, among plenty of other properties.

Disney did not immediately respond to request for comment from TheWrap. On Tuesday, some news outlets had Mr. Murdoch's son James, the chief executive of 21st Century Fox, as a likely candidate.

"It's always good to look at what's going to create the most value for our shareholders", he told attendees.

Walt Disney's potential acquisition of rival studio 20th Century Fox has elicited both excitement and skepticism from fans and Hollywood professionals.

Fox anticipates that its deal to buy the remaining 61 per cent stake of Sky, which has been held up by regulators, will be approved in the first half of 2018.


Fox's regional sports networks are valued at $22.4 billion, according to an analysis Wednesday by Guggenheim Securities.

It is rumored that this deal will be valued at above $60 billion.

"Once this deal closes, you could envision ESPN including a lot of out-of-region games to the ESPN+ app to make it a much more compelling subscription product than it will be when it launches in May", wrote Jackson in a guest commentary for CNBC.

Those assets would offer the opportunity for both Comcast and Disney to broaden their worldwide distribution footprint. They also own the publishing giant News Corporation, parent of The Times, the Sun, The Wall Street Journal and HarperCollins. Comcast has steadily boosted its ownership of content over the years. Meanwhile, AT&T and Time Warner are seeking approval for an $85 billion mega-merger.

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