- Walt Disney (NYSE:DIS) and Twenty-First Century Fox (FOX, FOXA) have hired bankers to work on a much-discussed heavy asset sale that could see Disney taking over Fox's film and TV studios along with other content assets, Variety reports.
- That adds fuel to speculation that a deal is closer than it seemed.
- Disney is working with a group that includes JPMorgan (NYSE:JPM) and Guggenheim Partners, according to the report; Fox has Goldman Sachs (NYSE:GS) and Centerview Partners on its team.
- The assets under discussion, which would also include Fox's share of Hulu and its stake in Sky (OTCQX:SKYAY), have been valued from $40B in enterprise value to north of $60B (or $74B, according to Bernstein's Todd Juenger after he added a 30% premium to EV).
- Previously: WSJ: Disney CEO Iger likely to extend term past 2019 over Fox deal (Dec. 06 2017)
- Previously: Fox jumps on CNBC report of nearing asset sale to Disney (Dec. 05 2017)
- Now read: Forget Netflix (NASDAQ:NFLX), Buy These 3 Dividend Stocks Instead
Original article