Bob Iger presidential run factor over if Disney buys Fox assets

Disney CEO Bob Iger was considering going for president in 2020, but that’s around if Disney buys Twenty-First Century Fox’s property in a more than $60 billion mega-merger, CNBC’s David Faber reviews.

CNBC reported Wednesday that Iger will likely remain at Disney to oversee any sort of potential merging of both companies. Disney would prolong Iger’s contract if a cope with Fox was finalized, resources told CNBC.

“That could of course as well mean Mr. Iger is usually abandoning his intend to potentially go for public business office,” Faber said Thursday on “Squawk on the Street,” “including what has certainly been some efforts on his portion to investigate the idea of running for president.”

“There’s zero doubt about it. He’s been thinking about” a presidential operate, Faber said.

Earlier this season, Iger had confirmed his plans to leave the company in mid-2019. There had been speculation by media outlets, including CNBC, that Iger could be looking at a presidential bid.

Faber said Thursday, “We’re waiting to find if you will find a filing involving his contract and an extension that would take place should this deal move forward.”

CNBC parent company Comcast is also still going after Fox’s assets, Faber said. But Fox sees Disney’s bid as top-notch, sources told CNBC.

Shares of Disney were slightly higher Thursday, after closing straight down 1.6 percent Wednesday.

– Reporting by CNBC’s David Faber. Authoring by CNBC’s Berkeley Lovelace Jr.

Disclosure: Comcast owns CNBC mother or father NBCUniversal.

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