When Bob Iger announced that he was once again extending his contract and stay with The Walt Disney Company through July 2nd, 2019, it was expected to be his last extension. However, a new report from the Wall Street Journal suggests that could change if the much talked about Fox deal were to go through. According to WSJ sources, a provision about Iger staying on to help lead the integration of the two companies’ assets could be added to any agreement made. Furthermore, the Journal suggests that, were a deal to happen, it likely wouldn’t close until late next year. This latest rumor stands in opposition to others that have been swirling; the first being that the board was preparing to name Bob Chapek as Iger’s successor and another suggesting Iger would mount a run at the presidency in 2020. Additional speculation also suggests that James Murdoch could succeed Iger.
Current reports suggest a Fox deal could come as early as next week, although nothing is certain at this time. Meanwhile, 21st Century Fox chairman Rupert Murdoch’s California estate is reportedly being threatened by wildfires at the moment. It’s unclear if this unfortunate development could affect the timing of any potential announcement.