Disney is preparing ring in 2019 by completing its acquisition of 21st Century Fox assets. A source familiar with the deal tells NBC News that Disney executives expect to close in the final week of January. Disney originally agreed to buy most of 21st Century Fox on December 14, 2017.
Earlier this year, Disney and Fox advised shareholders that the transaction would likely close within six to twelve months of June 20, 2018. Disney CEO Bob Iger recently stated that the company was “increasingly optimistic it will be meaningfully earlier than” the backend of that timetable.
Disney is still waiting on a handful of regulatory approvals outside the United States. Even if January is too ambitious, the company clearly expects to wrap things up within the first quarter of 2019.
An investor day has been scheduled for April 2019. Disney plans to show off its Disney+ streaming service at the event. Pending regulatory approval, the company also hopes to give shareholders a first look at its business post-F0x acquisition.
SOURCE: NBC News