This move came after Comcast made an aggressive $65 billion all-cash offer for the 21st Century Fox assets, forcing Disney to increase its initial $52.4 billion purchase for the Fox acquisition.
On November 6, 2017 the story broke that The Walt Disney Company was in early talks to purchase parts of 21st Century Fox, the parent company of the 20th Century Fox movie studio as well as other TV and media assets.
Disney will acquire 21st Century Fox immediately following the spin-off of the businesses comprising “New Fox” as previously announced.