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

[Alpha Baymax]

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

https://thewaltdisneycompany.com/wa...pinoff-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.

 

[Grizzly]

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.

 

[Dreaded_Desire62]

I just think Disney is getting too big for its bridges. Fox is probably making a mistake since Disney might decide to make Fox exactly like The Disney Channel.

 

[Recon]

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

 

[Alpha Baymax]

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.

 

[Oracle Spockanort]

Please discuss here:

https://forums.khinsider.com/kingdo...ney-company-acquire-21st-century-fox-inc.html