Disney's long-awaited acquisition of Fox could be completed in approximately one month.
As the company begins to renew its television distribution deals, new reports have arisen that the planned acquisition, which was officially announced at the end of last year, is internally expected to be finalized by the last week of January.
The impending acquisition has been affecting negotiations between Disney and several television distributors, including Verizon Fios. The availability of Disney networks, including ABC, ESPN and The Disney Channel, could potentially be removed from Fios packages, should the renewal negotiations fall through before the acquisition is completed.
Earlier this month, it was reported that the acquisition faced additional hurdles in Mexico, with Disney assuring several Mexican networks that the company would continue to adhere to local broadcasting regulations following the deal.
While representatives from both Disney and Verizon have released statements confirming negotiations are still ongoing, Disney is taking a firmer stance, given the successful launch of online subscription service ESPN+, their upcoming launch of Disney+ and their majority stake in the premium streaming service Hulu as part of the Fox acquisition.
(via NBC News)