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.

Source: Disney


One thought on “Disney to acquire 21st Century Fox for $52.4 billion

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s