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Disney CEO Could Extend His Contract Again If Fox Deal Goes Through

By: skift.com 6 months ago
Disney CEO Could Extend His Contract Again If Fox Deal Goes Through

Robert Iger has overseen some major acquisitions for Disney — the $4 billion purchase of Lucasfilm, for one — and his experience would be valuable if the company makes a huge deal to buy Fox assets. -Hannah Sampson

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Qilai Shen  / Bloomberg

Disney CEO Robert Iger is pictured. The Wall Street Journal reports he may extend his contract yet again. Qilai Shen / Bloomberg



Skift Take: Robert Iger has overseen some major acquisitions for Disney — the $4 billion purchase of Lucasfilm, for one — and his experience would be valuable if the company makes a huge deal to buy Fox assets.

— Hannah Sampson

Robert Iger could extend his term as chief executive officer of Walt Disney Co. if the company agrees to acquire the entertainment assets of 21st Century Fox Inc., the Wall Street Journal reported, citing people close to Disney.

Iger, 66, signed his fourth contract extension with Disney in March, a deal that stretches his term as CEO to July 2019. A deal with Fox would be the biggest in the company’s history, making it likely Iger would stay longer still, the newspaper said.

Disney, based in Burbank, California, has been holding talks to buy Fox assets including its film and TV studio, cable networks such as FX and international holdings like Sky Plc and Star India. Fox, based in New York, has an equity market value of about $61 billion.

A deal that could be announced as soon as late next week, the Journal reported, citing people with knowledge of the talks.

©2017 Bloomberg L.P.

 

This article was written by Rob Golum from Bloomberg and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to [email protected].

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