CNBC’s David Faber, who first broke the Disney/Fox deal, reported on air that Bob Iger will not run for President of the United States if Disney acquires several assets from 21st Century Fox. The report acknowledged that Iger was seriously considering running in 2020, which had been heavily rumored.
It has also been reported that Rupert Murdoch, who controls 21st Century Fox, asked Iger to stay on through the transition and integration process. If the deal goes through, the Murdoch family would hold a significant investment in The Walt Disney Company.
It is expected that the deal could take about a year to go through the regulatory process. It is unknown how long it would take for the two organizations to integrate. Bob Iger is currently set to leave Disney in the middle of 2019.