Disney CEO Could Extend His Contract Again If Fox Deal Goes Through

Comcast targeting Sky control in Fox deal - report

Separately the Financial Times reported that James Murdoch, now Fox's chief executive, may succeed Bob Iger as Disney CEO if the USA company is successful in its bid.

Speculation is also mounting that Sky chairman James Murdoch could be installed as Disney chief executive if the sell-off goes through. In March, he said he was committed to leaving the company in July 2019.

Some of the assets that would be acquired in the deal include National Geographic, various sports networks, stakes in Sky and Hulu and of course, Fox's film division.

Although Comcast is in pursuit, a deal with Disney is more appealing to Fox, partly because it believes the deal would face less regulatory pushback, sources told Bloomberg.

Stock Watch: Coca Cola Amatil Ltd (CCLAY) Higher Over the Last Month
Artisan Partners Limited Partnership lifted its holdings in shares of Coca-Cola European Partners by 13.7% during the 2nd quarter. The Quebec - Canada-based Caisse De Depot Et Placement Du Quebec has invested 0.14% in The Coca-Cola Company (NYSE:KO).

The broadcasting giant was up just shy of 2pc in morning trading on the London Stock Exchange in response to reports that Disney is leading the chase to buy a significant slice of Fox's media empire, which would include its 39pc stake in Sky.

According to CNBC's David Faber, Disney and Fox are still negotiating a price for the deal and looking for a way to mitigate tax leakages.

A deal that could be announced as soon as late next week, the Journal reported, citing people with knowledge of the talks.

"We assume DIS would pay ~$78B (equivalent to ~$42/shr), incl. the assumption of $12B in net debt, for almost $5.5B of EBITDA as well as FOXA's unconsolidated assets (SKY, Hulu)".

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