Iger's Disney contract likely to be extended after Fox deal

Walt Disney CEO Bob Iger's contract is likely to be extended should the company move forward with a $40-$60+ billion deal to acquire 21st Century Fox's entertainment assets, the Wall Street Journal reports. Sources tell CNBC that a deal could come as soon next week.

Why it matters: Iger's last contract negotiation had him slated to exit in July, 2019, leading to speculation that he might run for president.