Iger likely to stay if Fox deal happens

Bob Iger

Bob Iger

Iger is well regarded on Wall Street for transforming Disney with the acquisitions of Pixar, Marvel Studios and "Star Wars" producer Lucasfilm. The Times subsequently reported that a deal for Walt Disney to buy several entertainment and worldwide distribution assets from 21st Century Fox has entered the advanced stages and could be agreed before the end of the year.

The development came shortly after news that Fox chief James Murdoch could become CEO of the merged entity, with his father, Rupert Murdoch, also taking a senior role at the House of Mouse.

According to CNBC sources, Iger's contract would be extended should a deal be finalised. Comcast remains interested in a deal, but Disney appears to be well out in front as a suitor.

The broadcasting giant was up just shy of 2pc in morning trading on the London Stock Exchange in response to reports that Disney is leading the chase to buy a significant slice of Fox's media empire, which would include its 39pc stake in Sky.

However, things have since changed, with Disney believed to be close to a deal worth between US$60 billion and US$70 billion for the entertainment assets of Fox, minus the broadcast, news and sports networks.

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