Iger could remain Disney CEO after Fox deal closes

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Bob Iger

Getty Images Bob Iger

Iger, who is 66, has already postponed his retirement from Disney three times.

Iger is well regarded on Wall Street for transforming Disney with the acquisitions of Pixar, Marvel Studios and "Star Wars" producer Lucasfilm. After that, Disney meant to keep Iger on as a consultant for three years, for which Iger will receive a quarterly fee of $500,000 for each of the first eight quarters during the consulting period and $250,000 for each of the last four quarters.

The broadcasting giant was up just shy of 2pc in morning trading on the London Stock Exchange in response to reports that Disney is leading the chase to buy a significant slice of Fox's media empire, which would include its 39pc stake in Sky.

Disney could also take hold of Fox's 30% stake in Hulu, giving Disney a controlling interest in the streaming platform-Comcast/NBCUniversal owns 30% and Time Warner owns 10% of Hulu.

According to CNBC sources, Iger's contract would be extended should a deal be finalised.

A deal with Disney might overcome some of those challenges.

A deal that could be announced as soon as late next week, the Journal reported, citing people with knowledge of the talks. A key difference in the most recent reports are DIS's interest in the RSNs which we value at $18B (9.0x F19E EBITDA).

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