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Disney buys 21st Century Fox for $52.4Billion

The Walt Disney Co. has set a $52.4 billion, all-stock deal to acquire 20th Century Fox and other entertainment and sports assets from Rupert Murdoch’s empire. The deal between Disney and 21st Century Fox marks a historic union of Hollywood heavyweights .

The stock deal, which Disney announced Thursday morning, represents Disney’s boldest acquisition yet. If regulators approve it, Fox would take over the prolific 20th Century Fox movie and television studio, Fox’s 22 regional sports channels, cable entertainment brands FX and National Geographic, and Fox’s portfolio of international operations, including a fast-growing pay-TV service in India.

Disney would also assume about $14 billion in debt, resulting in a total deal value of about $66 billion.

Following the transaction, Fox shareholders would make up about 25% of the bulked-up Disney.



This post first appeared on Kurukonga, please read the originial post: here

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Disney buys 21st Century Fox for $52.4Billion

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