Disney to acquire 21st Century Fox assets

December 15, 2017 10:12

The rumoured Disney takeover of 21st Century Fox was publicly confirmed last night with a US$52.4 billion stock-only deal that will see most of Fox’s movie and television assets become part of the Disney empire.

A new company, provisionally named ‘New Fox’, will be spun off to hold most of the company’s sports and news assets including Fox News, Fox Broadcasting and the US cable and TV assets.

Rupert Murdoch: “We are extremely proud of all that we have built at 21st Century Fox”

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

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