CNBC is reporting that Disney CEO Bob Iger will likely extend his contract past the previously announced 2019 end date to facilitate an integration with 21st Century Fox. Iger was previously likely going to end his tenure with the opening of Star Wars: Galaxy’s Edge at Disneyland and Disney’s Hollywood Studios.
The CEO would likely remain at Disney for two to three years after finalizing a deal, which is still not a done deal, according to a source close to the situation.
CNBC’s David Faber first reported in November Fox held talks to sell some, but not all, of its assets to Disney.
Sources confirmed this week the companies were close to finalizing terms of the deal.
Since taking the helm at Disney in 2005, Iger has overseen the acquisitions of Pixar, Marvel and Lucasfilm. He’s held several executive positions with the company during the last two decades.