Friday 15 December 2017

Disney will buy most of 21st Century Fox for $52.4 billion

Disney will  buy most of 21st Century Fox for $52.4 billion

Disney will  buy 21st Century Fox's movie studio and regional sports networks, cable channels FX and National Geographic.

Disney will also get Fox's stakes in Hulu and European pay-TV provider Sky

The deal has a total value of approximately $66.1 billion, with Disney assuming $13.7 billion of Fox's net debt.

Bob Iger will remain Disney's chairman and CEO through the end of 2021.

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