Disney-Fox deal looks closer as Comcast drops out; announcement possible Thursday

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Dec 12, 2017

Disney has been courting 21st Century Fox for a possible acquisition deal for so long the very process should be locked away in the Disney vault. Now, as Disney’s main competition in the field has dropped out, the purchase and merger are all but inevitable.

According to Variety, cable provider Comcast (and SYFY WIRE corporate parent) is “‘no longer’ looking at Fox’s film and TV studio and other assets as acquisition targets.” This comes as a statement from the company itself, seemingly getting ahead of an announcement from Disney and Fox, who have had eyes for nobody but each other throughout the process.

“We never got the level of engagement needed to make a definitive offer,” Comcast said in a statement. Disney looks to make a lucrative ($70+ billion) offer for Fox’s production teams and rights library, especially as they wade further and further into the TV streaming market.

Reports indicate an announcement could be made this week, with CNBC reporting the pair of companies "are on a 'glide path' for a Thursday deal announcement" after Fox was left with a "sole suitor." Expect news on any potential superhero crossovers to come a bit later.