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For Disney chief Bob Iger, Fox deal is all about future of TV

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Mr Iger has built a reputation over the past 12 years for making bold bets, including the US$7.4 billion he paid for Pixar animation just months after he became CEO.

Los Angeles

WHEN news broke last month that Walt Disney Co was in talks to buy a large of part of 21st Century Fox Inc, the first question many investors had was, why are the Murdochs selling? Then came the second: Why is Disney buying?

The US$50 billion deal, which could be...

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