Disney has announced their plans to acquire 21st Century Fox for $52.4 billion USD.
The deal will include Fox’s film and television studios, cable entertainment networks and their international TV businesses, such as the Star TV network in India and their 39% stake in Sky in Europe.
Shareholders of 21st Century Fox will in return receive 0.2745 Disney shares for each Fox share they own. Disney will assume Fox’s $13.7 billion USD net debt with the deal.
It will also include properties such as X-Men, Avatar, The Simpsons as well as FX Networks and the National Geographic channel.
This deal also means that Disney now has Fox’s 30% stake in Hulu (which was a conglomerate) and now Disney owns 60% of Hulu, while Comcast has a 30% stake and Time Warner a 10% stake.
Because of this deal, Disney CEO and Chairman Bob Iger will remain in his position until 2021, he was originally scheduled to step down in July 2019.