Disney is closing in on an agreement to purchase 21st Century Fox’s television and movie production assets for approximately $60 billion, CNBC reported on Tuesday.

A deal could be announced as soon as next week, it added.

Under such a deal, Disney would likely acquire the National Geographic cable channel, various regional sports channels and Fox's stakes in Sky and Hulu, CNBC reported. Previous reports said Fox could also sell off its FX network.

ADVERTISEMENT

Fox would keep its news and business news operations as well as broadcast network and Fox Sports, CNBC added.

Comcast is also reportedly in talks to buy Fox’s entertainment divisions, but Disney is much closer to an agreement, according to CNBC.