Bankers on the Disney-21st Century Fox deal are set to make a $150 million payday

  • Disney is buying Fox’s film studio and a large chunk of its television production assets for $US52.4 billion.
  • Bankers orchestrating the megadeal could earn more than $US150 million.

After months of intrigue and rumours, Disney announced Thursday it has a deal to buy 21st Century Fox’s film and TV assets for $US52.4 billion, the latest in a flurry of megadeals in the back half of the year.

Bankers representing the two media conglomerates are set to earn another giant payday of as much as $US155 million in deal fees, according to Jeffrey Nassof, director of consulting firm Freeman & Co.

JPMorgan and Guggenheim Partners will split $US60 million to $US70 million for representing Disney on the deal, while Centerview Partners, Deutsche Bank, and Goldman Sachs will split $US70 million to $US85 million for advising Fox.

Goldman Sachs will earn another $US15 million to $US25 million for arranging the $US9 billion bridge loan on the deal.

It’s shaping up to be a very lucrative month for dealmakers at Goldman Sachs and Centerview Partners. The two firms also advised on opposite sides of the $US69 billion CVS-Aetna deal announced last week – a transaction that could produce as much as $US600 million in advisory and financing fees when it’s all said and done.

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