Reports: Disney CEO Bob Iger likely to extend term past 2019

By Ashley Carter, Digital Media Prodcuer
Last Updated: Wednesday, December 06, 2017, 5:40 PM EST

Walt Disney Co. CEO Bob Iger might be staying at the company longer than expected.

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.