Walt Disney Co. CEO Bob Iger might be staying at the company longer than expected.
- Disney CEO Bob Iger likely to extend contract
- Company negotiating purchase of assets of 21st Century Fox
- RELATED: Disney Parks chief likely to succeed Iger as CEO
With a potential acquisition looming, Iger will reportedly extend his contract (yet again), according to CNBC.
Disney is negotiating a purchase of 21st Century Fox assets.
The deal could include Fox’s film and TV studios, National Geographic, regional sports networks and stakes in Hulu and Sky. Not included in the deal are Fox’s news divisions, broadcast network or Fox Sports.
Should the deal go through, Iger, 66, would likely stay an additional two to three years.
Iger, who became CEO of Disney in 2005, is set to retire in 2019. He has already extended his contract three times.
Under his leadership, Disney has acquired Pixar, Marvel Entertainment and Lucasfilm.
Meanwhile, a 21st Century Fox deal could be announced as soon as next week, according to the report.