Iger likely to stay if Fox deal happens

Marco Green
December 7, 2017

Disney chief Bob Iger might not be done just yet.

The Times subsequently reported that a deal for Walt Disney to buy several entertainment and global distribution assets from 21st Century Fox has entered the advanced stages and could be agreed before the end of the year. According to a filing with the SEC, Iger is in line for a cash bonus of $5 million in addition to an award for fiscal 2019 as long as he stays on through the end of his renewed contract. Comcast remains interested in a deal, but Disney appears to be well out in front as a suitor. He had told Vanity Fair "this time mean it" after previous plans to step down changed.

Disney, based in Burbank, California, has been holding talks to buy Fox assets including its film and TV studio, cable networks such as FX and worldwide holdings like Sky Plc and Star India.

It has also been reported that Rupert Murdoch, who controls 21st Century Fox, asked Iger to stay on through the transition and integration process.

Comcast is reportedly pursing a deal to acquire assets from 21 Century Fox, in part because of its desire to own British pay-TV giant Sky.

Jefferies analyst John Janedis estimates the deal would cost Disney about $78 billion and that the company would nearly entirely finance the deal with equity.

Other reports by Click Lancashire

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