Disney, 21st Century Fox Deal Likely to be Announced Thursday

The Disney-Fox mega deal could be announced as early as tomorrow according to CNBC. According to insiders, the companies are on a 'glide path' to make an announcement Thursday. Disney in fact became the sole bidder for Fox after Comcast dropped its pursuit on Monday. 

In the deal the Walt Disney Company would acquire most but not all of Fox's television and movie assets, while Fox's news and business network. along with its broadcast and sports networks would remain separate. Fox's assets in the deal with Disney are seen as more than a $60 billion value. The exact amount has not been confirmed though. 

The enterprise value of the Fox's assets in the Disney deal is seen as above $60 billion, according to sources. Current Fox shareholders would get one share of the Fox company that remains after the movie and television assets are sold plus shares of Disney in a fixed exchange ratio.

Stay tuned as this deal would come on the same day as many fans flock to see Episode VIII in the Star Wars trilogy tomorrow night in "Star Wars: The Last Jedi."

Source: CNBC