Corrected: Rupert Murdoch's son Lachlan to become Fox CEO after Disney deal

Corrected: Rupert Murdoch's son Lachlan to become Fox CEO after Disney deal

Lachlan Murdoch, the son of media mogul Rupert Murdoch, will become chairman and CEO of a proposed new Fox company, 21st Century Fox announced Wednesday. According to CNBC, Comcast was willing to offer $60B in cash to 21st Century Fox in hopes of acquiring the company and most of its media assets.

Lachlan Murdoch will replace his brother James as the CEO and chairman of Fox if its $52.4billion deal with Walt Disney Inc goes through.

John Nallen, Fox's current chief financial officer, will assume a broader role as chief operating officer. "The strengths of the new company, a leader in news, sports and entertainment, present truly unique opportunities", said Lachlan Murdoch.

Fox is preparing for a future without its film and TV studios, as well as cable channels such as FX and National Geographic.

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John Nallen, who now serves as chief financial officer of 21st Century Fox, will move into the role of chief operating officer of New Fox, while Rupert Murdoch will serve as co-chairman of the new company.

The new Fox, which depends on approval from regulators and shareholders, will mostly be focused on U.S. news and sport broadcasting.

"New" Fox has named its senior leadership team. Rupert Murdoch will remain joint chairman. And media observers have long debated which of his sons would ultimately inherit their father's company. While that latter portion of 21st Century Fox would end up as part of the Walt Disney Company should the deal be approved; the former asset is, as we said before, part of that list of "new" Fox properties. "I look forward to joining Lachlan as we begin to establish new Fox".

During a recent sit-down with Collider, Deadpool himself commented on the Disney-Fox deal, saying - at least from his perspective - although he hasn't heard anything new, the potential acquisition of Fox, whether it be by Disney or Comcast, hasn't affected anything regarding development and plans. But the Wall Street Journal reported last week that James would not join Disney, and instead would likely start a venture capital fund.

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