REUTERS/David Gray
An acquisition would leave 21st Century Fox with a smaller, more focused portfolio of news and sports networks to better compete in a changing media space, the report said.
A deal would exclude the Fox broadcast network because Disney could not own two broadcast networks, the report said. (Disney acquired ABC in 1996.) It would also exclude Fox's sports channels to avoid regulatory concerns that combining them with ESPN would be anticompetitive.
To read more about the talks, click here.
In other news:
Disney and Fox need a deal to take on the tech giants - just not this deal. A Disney-Fox combination would create lots of leverage, but the limitations of the deal reportedly floated by Disney, which wouldn't include the Fox network and Fox sports, would limit its impact.
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Will.i.am got $117 million (£89 million) to make a big bet on business software.The musician's company is developing a voice assistant for customer service.
Harvey Weinstein hired companies staffed by ex-foreign intelligence agents to squash allegations against him. The operatives assumed fake identities and posed as other people to convince several accusers to talk.
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Mattress company Casper is shutting down the site, Van Winkle's after it failed to gain traction, the Wall Street Journal reports. In its place, the company is launching a quarterly print publication called Woolly.
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