Disney CEO Bob Iger was considering running for president in 2020, although which’s all over if Disney buys Twenty-First Century Fox’s assets in a more than $60 billion mega-merger, CNBC’s David Faber reports.
CNBC reported Wednesday which Iger will likely remain at Disney to oversee any potential merging of the two companies. Disney might extend Iger’s contract if a deal with Fox was finalized, sources told CNBC.
“which might of course also mean Mr. Iger is actually abandoning his plan to potentially run for public office,” Faber said Thursday on “Squawk on the Street,” “including what has certainly been some efforts on his part to investigate the idea of running for president.”
“There’s no doubt about the item. He’s been thinking about” a presidential run, Faber said.
Earlier This kind of year, Iger had confirmed his plans to leave the company in mid-2019. There had been speculation by media outlets, including CNBC, which Iger could be considering a presidential bid.
Faber said Thursday, “We’re waiting to see if there is actually a filing involving his contract along with an extension which might take place should This kind of deal go forward.”
CNBC parent company Comcast is actually also still pursuing Fox’s assets, Faber said. although Fox sees Disney’s bid as superior, sources told CNBC.
Shares of Disney were slightly higher Thursday, after closing down 1.6 percent Wednesday.
— Reporting by CNBC’s David Faber. Writing by CNBC’s Berkeley Lovelace Jr.
Disclosure: Comcast owns CNBC parent NBCUniversal.