Bob Iger Won't Run for President if Fox Deal Happens

Mae Love
December 7, 2017

As a potential merger between Disney and Twenty-First Century Fox begins to look more likely by the day, reports indicate that Disney CEO Bob Iger is likely stay on to oversee things beyond 2019 if that deal winds up happening.

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 a filing with the SEC, Iger is in line for a cash bonus of $5 million in addition to an award for fiscal 2019 as long as he stays on through the end of his renewed contract. Disney is said to be offering Fox shareholders around United States dollars 60 billion worth of its shares for assets including Fox's film studio, TV channels, Indian media firm Star as well as its 30 percent stake in streaming service Hulu. If the deal goes through, the Murdoch family would hold a significant investment in The Walt Disney Company. He had told Vanity Fair "this time mean it" after previous plans to step down changed. Multiple sources are reporting that the two entertainment giants are in talks and could strike a $60 billion deal as early as next week.

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But Disney could acquire Fox's film and television studios, worldwide assets like Sky and Star, and Fox's cable networks including FX and National Geographic, as well as Fox's multiple regional sports networks.

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