- Disney CEO Bob Iger could stay on past the end of his contract in July 2019 if his company buys 21st Century Fox's TV assets, the Wall Street Journal says.
- Iger would help integrate Fox's assets into Disney's portfolio.
- James Murdoch has been floated as a possible successor to Iger if a deal is reached with Fox.
ADVERTISEMENT
Disney CEO Bob Iger will reportedly stay on past 2019 if his company acquires Fox's TV assets (DIS)
Iger has been at Disney since 1974.
ADVERTISEMENT
Recommended articles
Disney CEO Bob Iger will stay with the company past 2019 if a deal can be worked out for 21st Century Fox's TV assets, according to the Wall Street Journal's Ben Fritz. Iger would help integrate Fox's assets into Disney's portfolio the report said.
Wednesday's news comes just one day after a CNBC report suggested Disney and 21st Century Fox were closing in on a deal for Fox's TV assets, which have an enterprise value of about $60 billion. The assets include
Back in March, Iger's contract was extended until July 2019, sparking speculation he could enter the 2020 election. He has been urged by friends to make a run for the Oval Office and was reportedly considering such a move.
ADVERTISEMENT
Following Tuesday report that the two sides were closing in on a deal, the Financial Times suggested James Murdoch was "suggested" as a possible replacement for Iger in 2019. The thought being Murdoch would take a role as a senior executive with Disney as he was being groomed to succeed Iger.
Shares of Disney slipped to session lows on the news before settling down 1.58% at $105.53 apiece. They're down 0.61% this year.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Best live dealer casino: Top USA live casinos online
Best real money online casinos USA: Top 10 casino sites in 2024
OPEC excited about partnership with Namibia
The US loses to Russia and China in popularity across Africa
Top 10 most valuable South African brands in 2024
Africa's giants play tug of war for the top economic spot
Morocco is making giant strides to become Africa's aviation manufacturing hub
Hackers test their ransomwares in less protected regions like Africa before striking richer nations: Report
