How Fox Assets Could Boost Disney’s Portfolio

Walt Disney (DIS) is all set to acquire the media and entertainment assets of 21st Century Fox (FOXA) after selling its 39% stake in the UK-based (EWU) Sky to Comcast (CMCSA), which was a rival bidder for Fox assets but then later decided to withdraw to focus on the Sky acquisition. Disney’s $71.3 billion Fox deal is expected to close next year. Disney seeks to purchase Fox cable assets including the National Geographic and FX networks, Fox’s TV and film studios, which include shows like The Simpsons, Modern Family, and This Is Us. These assets also include hit movie properties such as Avatar as well as other sports content that could boost Disney’s streaming services.