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Managing editor & film and television critic with a Bachelor's of Arts in English Literature with a Writing Minor from the University of Guam. Currently in graduate school completing a Master's in English Literature.
Last year, it had been announced that Twentieth Century Fox is looking to sell most of its company away to another company. Currently, Comcast and Disney are competing to make higher bids.
To update those who are interested:
- Earlier this week, Disney offered to buy Fox for $71.3 billion. However, Fox did not officially take the offer, although they essentially acknowledged it to be an offer.
- Just recently, Disney is willing to divest Fox’s assets if Fox is to pull through with the offer. This means that they are willing to sell away assets (such as Fox’s regional sports networks, movie and television studios, and television networks such as FX) that collectively generate $500 million, but now these assets can generate up to $1 billion.
What does this mean for the Fantastic Four and our beloved mutant family, the X-Men? What do you think? Let us know! For more Fox-related news, follow Geek Motivation on Twitter (@GeekMotivation) and Instagram (@geekmotivation).
Written by: John Tangalin
Sources: Yahoo! Finance and CNBC
Managing editor & film and television critic with a Bachelor's of Arts in English Literature with a Writing Minor from the University of Guam. Currently in graduate school completing a Master's in English Literature.
