Disney completes $71.3bn Fox acquisition
Disney officially owns 21st Century Fox after more than a year of negotiations and a $71.3 billion exchange.
Disney officially owns 21st Century Fox after more than a year of negotiations and a $71.3 billion exchange.
The company announced yesterday the merger was effective immediately, growing Disney’s assets to include 21st Century Fox’s film and TV studios, an additional 30% stake in streaming service Hulu, US cable channels FX and National Geographic as well as Indian media conglomerate Star India.
The Walt Disney Company chairman and chief executive Robert Iger said: “This is an extraordinary and historic moment for us, one that will create significant long-term value for our company and our shareholders.
“Combining Disney’s and 21st Century Fox’s wealth of creative content and proven talent creates…
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