Twenty-First Century Fox Inc. fell short of estimates for quarterly revenue on Nov. 7, hit by the absence of a major movie hit at the end of the U.S. summer as it prepares to sell the bulk of its business to Walt Disney Co.
Murdoch agreed in June to sell Fox’s entertainment assets to Walt Disney for $71.3 billion and is nearing completion of the deal after receiving approval from the European Commission this week, subject to the sale by Disney of its interests in some news and documentary channels.
