News ► The Walt Disney Company To Acquire Twenty-First Century Fox, Inc. for $52.4 Billion In Stock



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Alpha Baymax

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It's finally happened, here is the official press release.

https://thewaltdisneycompany.com/walt-disney-company-acquire-twenty-first-century-fox-inc-spinoff-certain-businesses-52-4-billion-stock/


  • 21st Century Fox to spin off Fox Broadcasting network and stations, Fox News, Fox Business, FS1, FS2 and Big Ten Network to its shareholders.
  • Acquisition complements and enhances The Walt Disney Company’s ability to provide consumers around the world with more appealing content and entertainment options.
  • 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.
  • Expands Disney’s direct-to-consumer offerings with addition of 21st Century Fox’s entertainment content, capabilities in the Americas, Europe and Asia; Hulu stake becomes a controlling interest.
  • Addition of extensive international properties, including Star in India and Fox’s 39% ownership of Sky across Europe, enhances Disney’s position as a truly global entertainment company with world-class offerings in key regions.
  • Robert A. Iger to remain Chairman and CEO of The Walt Disney Company through 2021.
 

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It's important to note that it isn't a done deal just yet. While the companies made a deal, it still needs to be approved by antitrust regulators and the Justice Department.

I've got mixed feelings. It sucks that one company is just absorbing a lot of the others, but on the other hand, Disney has really elevated their last several acquired properties and I can't wait to see what happens with a lot of this new content. I'm also glad Iger is staying on, I wasn't a fan of any of his rumored replacements.
 

Recon

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Geez, Disney has no chill on acquisitions. Uhh, hopefully this will turn out to be something more than it was?
 

Alpha Baymax

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Geez, Disney has no chill on acquisitions. Uhh, hopefully this will turn out to be something more than it was?
This makes the $4 Billion acquisition of Marvel Entertainment and Lucasfilm and $8 Billion acquisition of Pixar as chump change in comparison to this.
 
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