MoffettNathanson co-Founder Michael Nathanson said of Fox, "They're good at sports and news and I think they realize that in their film and television business, it's probably better to be a seller."Nathanson said the "worry" is Fox as a company becomes so small that with the next National Football League deals, they will be "outbid by someone bigger."Nathanson said, "what everyone in our world is worrying about is that the next National Football League deal will be a lot more money".
If Fox and Disney were to come to an agreement, Fox wants to sell most of itself to Disney and leave behind "a media company tightly focused on news and sports".
UBS, however, said a combination of Disney and Fox content could strengthen the rationale for buying all of Sky.
Any arrangement would not entail a total purchase of 21st Century Fox by Disney, with the Murdoch company expected to hold on to its Fox broadcasting network, its sports programming assets, news and business channels and local broadcasting affiliates.
Guru Nanak Birthday, Guru Nanak Jayanti Date, timing and significance
The festival is celebrated not only by the Sikh community but also by people from other religions from around the world. In a greeting message, Governor Dr Najma Heptulla said Guru Nanak Dev was a symbol of love, tolerance and compassion.
The deal will have major repercussions for the Indian market as 21st Century Fox's Star India is a market leader.
Citing unnamed sources familiar with the negotiations, CNBC reports that Fox and Disney have been holding talks about a deal, although the two companies are no longer negotiating. DEADLINE's Chmielewski & Hayes noted in the short term, most Wall Street analysts and media observers see "plenty of upside for Disney but murkier prospects for Fox" (DEADLINE.com, 11/6).
"I'd vote against the deal", Odey told Reuters on Tuesday, when asked about Fox's offer for the 61 percent of Sky that it does not already own.
Disney was reportedly interested in buying Fox assets including its studio division, partial ownership of the United Kingdom telecoms company Sky, and networks such as National Geographic and FX. "I see lots of synergies for Disney". Traditional media giants are scrambling to increase their scale and add new businesses, particularly after AT&T's bid for HBO and CNN owner Time Warner Inc, which is awaiting regulatory approval. CNBC reports that for Fox, the willingness to engage in sale talks with Disney stems from a growing belief among its senior management that scale in media is of immediate importance and there is not a path to gain that scale in entertainment through acquisition. Chief Executive Bob Iger has said he plans to retire from Disney in July 2019, and the company is searching for a successor. Disney is preparing its own streaming service, which will house content from its many entertainment properties, including Pixar, Lucasfilm, and Marvel Entertainment.