Disney is reportedly nearing a deal to buy 21 Century Fox's TV business

REUTERS / Gus Ruelas

Rupert Murdoch, April 29, 2013.

Disney and 21st Century Fox are closing in on a deal that could come as quickly as next week, according to a CNBC report citing sources familiar with the matter.

The transaction would involve Disney acquiring Fox's studio and television production assets - a portion of the business that has an enterprise value of more than $60 billion, CNBC's sources say.

The deal would leave Fox with is news and sports assets.

This story is developing. Stay tuned for updates.