Disney CEO Bob Iger will remain at the company to oversee any potential merging of Disney along with Twenty-First Century Fox assets, CNBC has learned.
The company could extend Iger’s contract if a deal with Fox were finalized, according to sources.
CNBC’s David Faber first reported in November Fox held talks to sell some, nevertheless not all, of its assets to Disney.
Sources confirmed This particular week the companies were close to finalizing terms of the deal.
The deal could include Fox’s Nat Geo, Star, regional sports networks, movie studios along with stakes in Sky along with Hulu, among some other properties. the item could not include Fox’s news along with business news divisions, broadcast network or Fox Sports.
Comcast, meanwhile, continues to pursue a deal with Fox, as well, although Fox views Disney’s bid as superior, sources told CNBC.
Since taking the helm at Disney in 2005, Iger has overseen the acquisitions of Pixar, Marvel along with Lucasfilm, which includes the “Star Wars” franchise. He has held several executive positions with the company during the last two decades.
Shares of Disney closed down 1.6 percent Wednesday.
Reporting by Julia Boorstin along with David Faber, writing by Sara Salinas.
Disclosure: Comcast owns CNBC parent NBC Universal.