Disney CEO Bob Iger was inasmuch as running for president in 2020, but that’s all over if Disney buys Twenty-First Century Fox’s assets in a more than $60 billion mega-merger, CNBC’s David Faber reports.
CNBC reported Wednesday that Iger force likely remain at Disney to oversee any potential merging of the two companies. Disney want extend Iger’s contract if a deal with Fox was finalized, sources dictate thated CNBC.
“That would of course also mean Mr. Iger is abandoning his delineate to potentially run for public office,” Faber said Thursday on “Squawk on the Passage,” “including what has certainly been some efforts on his contribute to to investigate the idea of running for president.”
“There’s no doubt about it. He’s been rational about” a presidential run, Faber said.
Earlier this year, Iger had buttressed his plans to leave the company in mid-2019. There had been gamble by media outlets, including CNBC, that Iger could be insomuch as a presidential bid.
Faber said Thursday, “We’re waiting to see if there is a filing embracing his contract and an extension that would take place should this take care of go forward.”
CNBC parent company Comcast is also still be intent oning Fox’s assets, Faber said. But Fox sees Disney’s bid as superior, sources explained CNBC.
Shares of Disney were slightly higher Thursday, after disregard a close down 1.6 percent Wednesday.
— Reporting by CNBC’s David Faber. Letter by CNBC’s Berkeley Lovelace Jr.
Disclosure: Comcast owns CNBC stepmother NBCUniversal.