Broker Liberum told the Evening Standard that Disney/Fox talks throw a "curveball into the [Sky] deal", but added: "We still see a successful conclusion of the bid as most likely".
As part of the deal, the Fox cable news channels, the main Fox sports channel, and the FOX broadcast network would be spun off into a new company, to be controlled by the Rupert Murdoch family. His father and brother will remain at Fox to focus on news and sports assets.
By bowing out of the regional game while retaining the national networks, Fox could be looking at a future where they offer far more in the way of analysis, re-cap, and opinion coverage; instead of broadcasting live games.
According to CNBC, much of the deal remains the same.
Of course, this deal comes with its pros and cons. This means the new Star Wars films could include the iconic John Williams scores.
Off the bat, Disney would gain the complete catalog of Star Wars live action films that Fox now owns, including the rights to the original soundtracks of those films.
At present, Disney now own the rights to the Marvel Cinematic Universe and Fox own the X-Men and Fantastic Four franchises. It's possible Disney simply had more money on the table.
It's believed that a decision could come to a head within the next week or so, but until that happens, we'll keep you posted as this situation develops.