In April, we told you that the Fox-Disney deal is expected to close by 2019. If the shareholders vote in favor of Disney’s bid, the chances of a 2019 final date is still looking good. Disney will acquire the 20th Century Fox Television studio, 20th Century Fox movie studio, and FX Networks. The remaining assets, namely Fox Broadcasting Company, Fox Sports and Fox News, will form a new company. Disney will lease office space on the Fox lot for seven years after the acquisition as they transition employees and other assets to the Walt Disney lot. The move should be a painless one for employees moving over and an exciting one for the current employees, as this merger will be a rebirth of focus for the company.
Of course, back in December, we thought the decision between Disney and Fox was a done deal and an announcement was set to be made. It didn’t seem like there would be anything to sway the new partnership. With the idea of an all-cash bid by Comcast, though, and the possibility of postponing the new July 10th date for stockholders, it seems as if the bid by Comcast will be taken seriously and Disney may possibly lose out.