Disney is on track to close the Fox acquisition well within the timeframe given to shareholders last summer. Disney and Fox originally told investors to expect the deal to close within six to twelve months of June 20, 2018. Now, it appears the deal will be done well before the backend of that estimate.
“We are increasingly optimistic it will be meaningfully earlier than [June 2019],” Disney CEO Bob Iger said on today’s Q4 earnings call. Iger noted the optimism comes from the approvals already received from the U.S. Justice Department and the European Union, among other markets.
There are still a few key markets left to go, most notably China. Iger mentioned that Disney is deep into the regulatory process for the few remaining markets. Disney is confident those approvals will come in, and soon, but could not quote an exact date.
Disney announced an “Investor Day” coming in April 2019 that will offer perspective on the company post-Fox-acquisition, so long as the deal is completed by then. Disney is optimistic that will happen. Regardless, Disney will also use that day to provide a first look at the Disney+ streaming service, including some of the content that will be on it.