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Disney buys much of Fox in megamerger that will shake world of entertainment ...

NEW YORK — The Walt Disney Company, an entertainment firm as sprawling as one of its landmark theme parks, has pulled off one of the largest media mergers in history by acquiring the majority of assets from rival 21st Century Fox.

It also brings brands such as FX, National Geographic and “The Simpsons” into the same fold as ESPN and ABC — all part of Disney’s gamble that a beefed-up company will be better equipped to tackle a slew of Silicon Valley giants.

“The acquisition of this stellar collection of businesses from 21st Century Fox reflects the increasing consumer demand for a rich diversity of entertainment experiences that are more compelling, accessible and convenient than ever before,” Iger said in a statement Thursday morning.

There had been reporting that James Murdoch, one of Rupert’s sons and the CEO of 21st Century Fox, would be given a top executive role at Disney as part of the deal, but Thursday brought no definitive word of such a move.

As part of the all-stock deal, Disney will also acquire Fox’s 30 percent stake in Hulu, a group of U.S. cable stations including FX and National Geographic, several powerhouse international satellite channels such as Star India and Sky Italia, and a host of U.S. regional sports outlets.

READ MORE (Washington Post)

  • Disney Makes $52.4 Billion Deal for 21st Century Fox in Big Bet on StreamingNew York Times
  • Disney buys much of Rupert Murdoch's 21st Century Fox in deal that will ...Los Angeles Times
  • Disney is buying most of 21st Century Fox for $52.4 billionCNNMoney
  • Disney to Buy 21st Century Fox Assets for $52.4 Billion in Historic Hollywood ...Variety
  • Disney to buy Fox as Hollywood girds for digital showdownCNET
  • What the huge Disney-Fox deal means for geeks, from the 'X-Men' to 'The Avengers'Washington Post
  • Disney, Fox deal combines two of world's biggest entertainment giants - live ...CBS News
  • Why Disney Spent $52 Billion to Acquire Most of 21st Century FoxFortune
  • Disney just bought Fox Sports North; what might that mean for viewers?Minneapolis Star Tribune

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Disney buys much of Fox in megamerger that will shake world of entertainment ...


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