"Walt Disney Co. agreed to a deal to acquire a large portion of media mogul Rupert Murdoch's 21st Century Fox." Bloomberg, December 14, 2017. Here are the text coverage and video interview with Disney chief executive officer Bob Iger.
The stocks of both companies have gone up.
The issue hovering over the deal is this: Will it pass regulatory scrutiny. That was what Iger was asked in the Bloomberg interview.
Given that antitrust is all about protecting the consumer, Iger wisely positioned the acquisition as a major plus for consumers. They would have increased and more user-friendly access to the entertainment they want.
Also wisely, he did not comment on the AT&T attempt to acquire TimeWarner. Currently, approval of that does not seem to be a go in the Trump Administration. Here is a recent development.
Interestingly, Iger dodged the several questions about James Murdoch's role in the future company. Iger will remain head until 2021. His contract has just been extended. Here is that coverage.
Iger provided no information or insight how the new company, if it's approved, will handle the matter of succession.
One wonders about this cagey spin. Has the deal strengthened Iger's power and weakened that of the Murdoch son James? And does that imply a lesser role for patriarch Rupert?
Obviously, for a growing number of reasons, movement on this deal will be closely watched.
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