The discussions are focused on the Twentieth Century Fox movie and TV studio, some worldwide assets like Fox's 39 percent stake in British satellite TV operator Sky, India's Star TV, and some US cable networks-but not Fox News-long seen as a jewel in the Murdoch family crown. They are expected to make a decision about whether or not to make a deal by the end of the year, according to the Wall Street Journal. Fox's flagship TV network would not be included in any deal, nor would Fox News and Fox Sports. Of special note to Marvel fans, could be the addition of now Fox-owned Marvel film/TV properties to Disney's MCU, including the X-Men and Fantastic Four franchises - allowing Wolverine and The Human Torch to pal around with The Avengers on the big screen for the first time.
The news comes as another major media deal, between AT&T and Time Warner, has been challenged in an antitrust filing by the U.S. Justice Department.
Meanwhile, the plan also works perfectly for Disney as it could get access to Fox's wide consumer base especially in foreign markets such as the UK, Germany and Italy.
Among other intellectual property, Fox owns distribution rights for "Star Wars: A New Hope", and holds film rights to the "X-Men" and "Fantastic Four" franchises from Marvel. Disney owns Marvel Studios and the movie and TV rights to a lot of characters in the Marvel universe - most notably, the Avengers.
Representatives for Fox, and declined to comment, or did not immediately respond to requests for comment, on the state of the talks.