Disney Buy Fox at Buying

Disney Buy Fox. The justice department ok'd the acquisition last summer as long as disney, which owns espn, agreed to sell off 22 regional sports networks that were originally part of the purchase. Disney’s $71.3 billion purchase of the film and tv assets held by 21st century fox — the company behind everything from the alien movies to the simpsons — is one of the biggest media mergers.

The $66.1 billion buyout — paid with $52.4 billion in disney stock and assumption of all debt owed by fox — includes 20th century fox,. The deal would give disney fox cable properties star, bskyb (which the company holds a 39 percent stake in), fx and nat geo in addition to the film and tv studio. The walt disney company’s acquisition of 21st century fox will become official early wednesday morning, as fox news is now part of the newly created fox corporation.

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Walt disney has agreed to buy the bulk of 21st century fox's business for $52.4bn (£39bn), in a deal both companies said position them. Why is disney buying fox? Disney is buying a huge chunk of 21st century fox in a deal that promises to reshape the media industry and help the entertainment giant fend off digital rivals such as netflix. Disney's complete its acquisition of 21st century fox last week, march 19.