For Disney chief Bob Iger, Fox deal is all about future of TV
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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 announced this week, would mark a significant turning point in the empire-building career of Fox's founder and executive chairman, 86-year-old Rupert Murdoch. It would also be a defining moment for Disney and its chief executive officer Robert Iger.
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