Disney To Acquire Some Assets Of Fox For $52.4 Billion
The Walt Disney Company will acquire Murdoch-owned 21st Century Fox Inc. including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses for approximately $52.4 billion in stock, said a company statement.
Disney will also assume approximately $13.7 billion of net debt of 21st Century Fox.
Key Highlights Of The Deal
- Transaction to include 21st Century Fox’s film and television studios, cable entertainment networks and international TV businesses
- Popular entertainment properties including X-Men, Avatar, The Simpsons, FX Networks and National Geographic to join Disney’s portfolio
- Addition of extensive international properties, including Star in India and Fox’s 39 percent ownership of Sky across Europe
- Robert Iger to remain chairman and CEO of The Walt Disney Company through 2021