Disney's bid for Fox assets gains momentum: sources

Mickey And Minnie Mouse Welcome Everyone To Hong Kong Disneyland Resort

Mickey And Minnie Mouse Welcome Everyone To Hong Kong Disneyland Resort

As to which company will secure the deal, it remains to be seen.

However, no deal between Disney and Fox is imminent and several issues have yet to be fully negotiated, the sources said.

Media company Twenty-First Century Fox (FOXA.O), controlled by the Murdoch family, favors selling some assets to Walt Disney Co (DIS.N) as it is a better strategic fit and presents fewer regulatory hurdles, Bloomberg reported on Monday, citing people familiar with the matter.

On the table are the Fox cable networks, including FX and National Geographic; the Fox TV and film studio; and international assets such as a significant stake in Sky, ownership of India's Star TV, and the Fox Networks Group channels around the world. Of course, as we've seen in the past, too, things could end up coming to a screeching halt with no deal to be had.

Disney's studio entertainment operating income was $2.4 billion in fiscal 2017, up from $618 million in 2011.

FILE PHOTO: The logo of the Disney store on the Champs Elysee is seen in Paris, France, March 3, 2016.

Just days ago, it was rumored that Disney and 21st Century Fox were back in negotiations, with things said to be moving fast and a deal all but certain.

Fox is currently struggling to complete its £11.7 billion (US$15.4 billion) deal to acquire 100% of UK-based Sky, which has successful pay TV operations in major European territories.

CNBC's sources state that in Disney's proposed deal for these Fox assets, the enterprise value is over $60 billion.

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