'The Simpsons' Predicted Disney Would Buy 21st Century Fox Back in 1998

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21st Century Fox's global exposure through its operations in markets such as the UK, Germany and Italy is also appealing to Disney, which would likely want to add key assets such as UK satcaster Sky and Star in Asia as well as entertainment networks like FX and National Geographic.

Fox had previously sought to avoid a CMA investigation by promising it would allow editorial independence at Sky News and that it would keep investing in the channel for at least five years should its deal to take control of Sky be approved. The gains continued on Tuesday with 21 Century Fox up 3.5 percent mid-morning and Disney shares up another 2 percent.

While the exact details and pricing of the whole deal remains to be seen, the most explicit parts of it included buying up FX, all of Fox's offerings on television, and most importantly, the rights to the Marvel characters they still own.

Share this article: The Walt Disney Company's logo. In light of the news, neither Fox nor Disney have been able to be reached for comment or confirmation.

A deal would exclude the Fox broadcast network because Disney could not own two broadcast networks, the report said.

The two sides aren't talking now, and may never come back to the table again.

The biggest aspect here is the purchase of the film studio. Mere moments after having published our original story, a report surfaced via Bloomberg stating that even though the talks between Fox and DIsney did take place, the discussion had stalled out several weeks ago. Furthermore, Disney would also not buy Fox's sports programming assets in the interest that marrying them with ESPN would be viewed as anti-competitive from an anti-trust point of view. The proposed purchase would have made Disney a more "formidable media conglomerate at a time when AT&T is trying to swallow" Time Warner (L.A. TIMES, 11/7). DEADLINE's Chmielewski & Hayes noted in the short term, most Wall Street analysts and media observers see "plenty of upside for Disney but murkier prospects for Fox" (, 11/6). Disney is preparing its own streaming service, which will house content from its many entertainment properties, including Pixar, Lucasfilm, and Marvel Entertainment.

"Based on our SOTP [sum of the parts] analysis in a deal, we believe FOX is worth about $39/share, 40% above current levels". In N.Y., Brooks Barnes cites analysts as saying that buying "certain Fox assets - at the right price - would make a lot of sense for Disney".