Breaking Disney has acquired 21st Century Fox’s film and TV studios in a landmark deal

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Walt Disney says it is to buy 21st Century Fox's entertainment assets for $52.4bn (£39bn).

The deal includes Fox's 39% stake in satellite broadcaster Sky, and the 20th Century Fox film studio, Disney announced.

Fox's remaining assets, including news and sports, will form a new company.

The deal ends more than half a century of media expansion by Mr Murdoch, who is 86 years old.

He turned a single Australian newspaper he inherited from his father at the age of 21 into one of the world's largest news and film empires.

Mr Murdoch's shift to selling assets rather than buying them has come as a surprise to those who expected him to hand over the businesses to his sons, James and Lachlan.
 
Sold for $52 Billion: 21stCF sold 350 Fox International channels, 69 Star India channels and the Sky network to Disney:
The Walt Disney Company To Acquire Twenty-First Century Fox, Inc., After Spinoff Of Certain Businesses, For $52.4 Billion In Stock - The Walt Disney Company
Disney’s international reach would greatly expand through the addition of Sky, which serves nearly 23 million households in the UK, Ireland, Germany, Austria and Italy; Fox Networks International, with more than 350 channels in 170 countries; and Star India, which operates 69 channels reaching 720 million viewers a month across India and more than 100 other countries.
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21st Century Fox did not retain even one Indian channel :cry:
Shares in Tata Sky and Endemol Shine also sold.
 
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Disney has acquired 21st Century Fox's film and TV studios in a landmark deal worth over $52 billion. The arrangement covers the movie studio 20th Century Fox, the company’s TV production arm 20th Century Fox Television, Fox-owned cable networks (including FX and National Geographic), and the company’s stakes in international networks like Star TV and Sky (which Fox is planning to acquire full ownership of before the sale is completed).

Disney also will gain a majority control of Hulu in the deal, with Fox’s 30 percent stake giving Disney a controlling interest of 60 percent. Comcast and Time Warner will be reduced to minority stakeholders, with 30 percent and 10 percent stakes, respectively.

Disney has acquired 21st Century Fox’s film and TV studios in a landmark deal
 
Under terms of the deal, Disney will Fox shareholders $52.4 billion in stock as well as assume $13.7 billion of the company’s debt, for a total transaction value of $66.1 billion. At the request of both Disney’s and Fox’s board of directors, Bob Iger has agreed to continue as Chairman and Chief Executive Officer of The Walt Disney Company through the end of calendar year 2021. The deal does not include Fox broadcast network, Fox News or Fox Sports, all of which will remain under the Murdoch family’s control. Somewhere, Donald Trump breathes a sigh of relief.
Disney announces acquisition 21st Century Fox
 
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