December 4, 2017 / 9:40 PM / 8 days ago

Fox prefers Disney as buyer for studio, media assets: Bloomberg

(Reuters) - Twenty-First Century Fox (FOXA.O), the media company controlled by the Murdoch family, favors selling some assets to Walt Disney Co (DIS.N) as it is a better strategic fit and presents fewer regulatory hurdles, Bloomberg reported on Monday, citing people familiar with the matter.

FILE PHOTO: The Twenty-First Century Fox Studios flag flies over the company building in Los Angeles, California U.S. November 6, 2017. REUTERS/Lucy Nicholson /File Photo

The company is in talks with Disney and Comcast Corp (CMCSA.O) to combine certain assets with the potential buyers, and the Murdoch family aims to make a decision by the end of the year, according to Bloomberg. (bloom.bg/2igd5oy)

Reuters had reported last month that apart from Disney, both Comcast and Verizon Communications Inc (VZ.N) had also expressed interest in acquiring a significant part of Fox’s assets.

The Fox assets that buyers have expressed interest in include Fox’s movie and TV production studios, cable networks FX and National Geographic, and international assets such as the Star network in India, and the European pay TV provider Sky Plc (SKYB.L).

Fox declined to comment, while Disney and Comcast were not immediately available to comment.

Reporting by Arjun Panchadar in Bengaluru; Editing by Anil D'Silva

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