Disney is close to a deal with 21st Century Fox, CNBC reported Tuesday.
According to a report in the Financial Times, James Murdoch is likely to take a senior executive role with Disney because of his knowledge of the Fox assets and the global TV market. Fox is also talking with CNBC parent company Comcast, but the talks with Disney have progressed more significantly.
Comcast Corp., which owns NBCUniversal in Universal City, also figured as a potential buyer for Fox's media assets, Reuters said.
Apologises for Shashi Kapoor goof-up
Aasmah Mir who is the presenter for the Saturday Live on BBC Radio 4 stated that she was "really annoyed" by this huge mistake. The programme's editor Paul Royall issued an apology on Twitter, saying the slip was not of the programme's "usual standards".
As part of the deal, the Fox cable news channels, the main Fox sports channel, and the FOX broadcast network would be spun off into a new company, to be controlled by the Rupert Murdoch family.
Fox shares rose 3.2 percent in morning trade, while Disney fell 2 percent.
The fresh talks of a deal cast doubt on Fox's £11.7bn bid to buy the remaining portion of Sky it does not already own, which is now facing scrutiny by the competition watchdog.
In September the media secretary, Karen Bradley, asked the regulator to examine whether Murdoch had a genuine commitment to broadcasting standards following concerns about the running of his U.S. Fox News network.