Wednesday to Sunday!
31 Jan – 4 Feb 2018
21st Century Fox has been acquired by The Walt Disney Company for $52.4bn in stock.
Disney has also taken on around $13.7bn in Fox debt, bringing the total price to approximately $66.1bn for corporation, its film and TV studios, cable and international TV divisions. Prior to the acquisition, Fox will divest itself of the Fox Broadcasting network and stations, spinning them off as a newly listed company to its shareholders.
The takeover brings a number of globally successful entertainment brands such as The Simpsons, Avatar, and Marvel properties X-Men, Fantastic Four and Deadpool, under one roof.
In a statement, Disney Chairman and CEO Bob Iger said the move "reflects the increasing consumer demand for a rich diversity of entertainment experiences."
The buyout will also give Disney a greater share of the leading TV channels and streaming platforms, including FX Networks, National Geographic Partners, Fox Sports Regional Networks, Fox Networks Group International, Star India and Fox’s interests in Hulu, Sky plc in the UK, Tata Sky and Endemol Shine Group.
Bob Iger, who was set to depart The Walt Disney Company in July 2019 after a number of contract extensions, has also confirmed he will stay on until at least 2021.