Robert Iger, chief executive of The Walt Disney Co., may remain on the job longer than expected if Disney is able to acquire major assets from 21st Century Fox, the Los Angeles Times reports.
“Iger, 66, had said he would retire from the company he has steered through a rapid expansion when his deal expires in July 2019,” the story reports. “But the sale of Fox assets probably would face a lengthy regulatory review, meaning the transaction probably wouldn’t close for at least another year.
“For that reason, the Disney board is expected to extend Iger’s contract so that he can oversee the integration of Fox properties with Disney, according to a person familiar with the matter who was not authorized to speak publicly.”
The report notes that Iger has not extended his contract yet, and Disney may not buy Fox. Fox is entertaining bids from multiple companies, including Comcast Corp.