Disney & Fox Deal To Close At New Year

Disney is reportedly set to close the massive deal to acquire 21st Century Fox earlier than expected.

It was thought that due to certain regulatory approvals, the deal wouldn’t be officially done until mid-2019, but now current Fox president Peter Rice says the deal should be all wrapped up and done by New Year’s Day .

The report comes via Variety from an internal meeting earlier today with Rice and members of his staff.

The question of how many layoffs will take place weighs heavily over many people working at the studio with at least several hundred (likely far more) out of a job when the contracts are finalized.