Wall Street bankers to make big bucks

Wall Street banks including Goldman Sachs and JPMorgan Chase are poised to share the year’s third-biggest pot of fees for working on Walt Disney Co.’s $52.4 billion deal for 21st Century Fox Inc.’s movie and cable assets.

Bloomberg News reports that the deal could yield as much as $175 million in fees split between five banks advising on the transaction, according to estimates from Jeff Nassof, a director at Freeman Consulting Services.

Centerview Partners and Deutsche Bank joined Goldman Sachs in advising Fox, while JPMorgan and Guggenheim Partners counseled Disney, according to people familiar with the matter.

Bankers acting for Fox can expect to rake in as much as $85 million in fees, while Disney’s advisers are set to share as much as $70 million. Goldman Sachs could snag an additional $20 million for promising a short-term loan to fund the new entity that will house the remaining Fox assets.

Hit the link below to access the complete Bloomberg News article:

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