Disney/Fox Begins to Take Shape: Peter Rice, Dana Walden Expected to Lead Newly Merged TV Group

Read on: TheWrapTheWrap

The look of a Disney-fied Fox is beginning to come into focus.

21st Century Fox president Peter Rice and Fox Television Group chairman Dana Walden are expected to move to senior posts overseeing TV operations at Disney/ABC Television Group, amid Disney’s acquisition of 21st Century Fox assets, an individual with knowledge of internal talks tells TheWrap.

Meanwhile current DATG boss Ben Sherwood is expected to transition to a different very senior position at the company under Disney CEO Bob Iger, although the specifics of that role are still unclear.

However, TheWrap has learned news of the leadership shakeup is largely speculative and based on rumors at this point.

On Thursday, rival bidder Comcast bowed out of the 21st Century Fox sweepstakes, choosing instead to focus on acquiring British pay-TV giant Sky Plc. Disney and Fox had initially agreed to a $54.2 billion deal in December before Comcast came in with an “unsolicited” offer of $65 billion in June. Disney then sweetened its prior bid to $71.3 billion, which Fox again accepted over Comcast.

Fox has set a July 27 shareholder meeting to vote on the Disney deal. If either Comcast’s or Fox’s acquisition of Sky is not completed by then, Disney would be forced to make a minimum bid of £14 a share for the 61 percent of Sky that Fox doesn’t own. That would be less than the £14.75 per share that Comcast offered last week.

Disney and Fox could not be reached for comment by TheWrap for this story.