Disney CEO very likely to lengthen tenure if Fox offer comes about: WSJ

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(priceshall) – Walt Disney Co (DIS.N) Chief Executive Bob Iger will most likely increase his tenure previous 2019 to aid integration of Twenty-Initial Century Fox Inc (FOXA.O) belongings if a offer is accomplished, the Wall Street Journal noted on Wednesday.

FILE Photograph – Bob Iger, the Main Government Officer of Disney, comes at the European Premiere of Star Wars, The Force Awakens in Leicester Square, London, December 16, 2015. REUTERS/Dylan Martinez

Disney is in the direct to obtain much of Fox’s media empire, although rival suitor Comcast Corp (CMCSA.O) remains in contention, priceshall claimed on Tuesday.

on.wsj.com/2AzJIrp

Disney did not instantly reply to a request for remark.

Iger, who is 66, has presently postponed his retirement from Disney a few periods. In March, he claimed he was fully commited to leaving the organization in July 2019.

“I‘m really serious this time all over,” he claimed at a College of Southern California function at the time.

But Disney has not named a successor to run the world’s premier amusement firm, which owns cable channels like ESPN, theme parks and a movie studio.

Iger is perfectly regarded on Wall Road for reworking Disney with the acquisitions of Pixar, Marvel Studios and “Star Wars” producer Lucasfilm.

If a deal with Fox goes by way of, Disney could get access to additional movie and Television characters to add to its collection which include animated collection “The Simpsons” and the “Avatar” movie franchise.

Reporting by Ankit Ajmera in Bengaluru Modifying by Anil D’Silva and Meredith Mazzilli

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