Disney-Fox Deal: Looking beyond Content and Mega-Deal Talk
Rupert Murdoch, the billionaire whose family controls Twenty-First Century Fox (FOX)(FOXA) and News Corp. (NWSA), is believed to have persuaded Bob Iger to stay on as Walt Disney’s (DIS) chief executive. In December, the Murdoch family agreed to sell most of Fox’s operations, valued at $52.4 billion, to Disney. The deal also involves Disney absorbing Fox’s debt to the tune of $13.7 billion, the Wall Street Journal reported.