An acquisition would leave 21st Century Fox with a smaller, more focused portfolio of news and sports networks to better compete in a changing media space, the report said.
A deal would exclude the Fox broadcast network because Disney could not own two broadcast networks, the report said. (Disney acquired ABC in 1996.) It would also exclude Fox’s sports channels to avoid regulatory concerns that combining them with ESPN would be anticompetitive.
To read more about the talks, click here.
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