Disney, Fox Close to $60 Billion Merger Deal (Report)

An agreement could be announced as soon as next week, CNBC’s David Faber says

Last Updated: December 5, 2017 @ 9:26 AM

Disney and 21st Century Fox are close to a $60 billion merger deal, according to David Faber. That dollar amount is an approximate enterprise value of the assets involved in the potential agreement, per the CNBC reporter.

If this thing goes through, Disney would get Fox’s studio, its cable networks like FX and Nat Geo, the company’s regional sports networks, India’s Star, Fox’s Sky and Hulu holdings, as well as Endemol Shine Group, among other pieces. The Mouse House would not get Fox’s broadcast network, Fox Sports or Fox News.

Watch Faber discuss what his sources are telling him via the video above. The “Squawk on the Street” co-anchor says the deal could be announced as early as next week, which nearly gave colleague Jim Cramer an on-air heart attack.

Faber says Fox is still in talks with Comcast — the parent of his home CNBC — but the conversation with Disney has gone “far deeper and further.”

Disney and Fox did not immediately respond to TheWrap‘s request for comment on the latest news from their ongoing discussions.

Fox is set to participate at the ongoing UBS Global Media and Communications Conference conference at noon ET today, when surely both Disney and Comcast will be asked about the reported negotiations. Check back with TheWrap soon to see if news emerges from that event.