Disney and Fox a “Done Deal” and Formal Announcement is Expected Thursday

Disney & Fox Are Meeting "Again" To Discuss The Possible Acquisition Of Fox By Disney
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According to CNBC, the Disney-Fox deal is essentially done, and the parties are planning a formal announcement on Thursday, December 14, 2017.

Yesterday, Comcast dropped out of the bidding, leaving Disney as the sole suitor. That left Disney and Fox to just work out financial details, which apparently will be substantially finished by Thursday’s planned announcement.

No additional details have been released regarding exactly which Fox properties will be part of the deal, but our post late last week has all the details and there is no indication that anything has changed.

Fox shareholders will retain ownership of the remaining Fox assets, in a new company valued at around $10 per share. Based on Fox’s share price today of around $34, that means the assets being sold to Disney are valued at $24 per share, or a total of $44.5 billion. Disney will of course pay a premium to that valuation, so we expect the deal to be in the $60+ billion range.


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About the author

Jason Diffendal

Jason has been a lifelong fan of the Disney parks since his first visit at age 2. His biennial pilgrimages during his childhood accelerated into semi-annual visits by the year 2000, when he also Joined the Disney Vacation Club. Luckily, Jason’s bride-to-be was also a Disney fan, which allowed his infatuation with the Disney parks to continue, and ultimately culminated in their wedding at Disney's Wedding Pavilion in September 2003. Early in 2007, Jason began his involvement with the planning for what became Celebration 25, the unofficial fan gathering to commemorate the 25th anniversary of Epcot®. Soon thereafter, Jason met Tom Corless at a pin trading meet in New Jersey, and became part of the WDW News Today podcast starting with Episode 17. Jason has been involved with the WDWNT Network ever since, and can't seem to escape no matter how hard he tries.
Contact Jason at jason@wdwnt.com.

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