The Walt Disney Company has just announced the official name of their direct-to-consumer streaming service during their fiscal year and Q4 2018 results.
Disney’s acquisition of 21st Century Fox is one step closer to being done, as stockholders of 21st Century Fox and The Walt Disney Company have approved of the merger agreement with Disney.
Back in December, Disney had announced their plans to acquire 21st Century Fox for $52.4 billion USD. But recently, Comcast (who owns NBCUniversal) announced their offer to buy Fox for $65 billion in all-cash.
Now, Disney has increased their offer to acquire Fox for $71.3 billion USD.
Disney has announced their plans to acquire 21st Century Fox for $52.4 billion USD.