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Wednesday 15 August 2018
Disney Acquires 21st Century Fox
Disney has now acquired some parts of 21st Century Fox.
At the end of July, Disney and 21st Century Fox agreed for Disney to acquire large parts of Fox
In December, Fox and Disney entered into an agreement for Disney to acquire large parts of the company. The bid from Disney at that time was $52.4 billion.
Comcast who also was ready to acquire Fox bid with $65 billion, but then Disney upped their bid to $71.3 billion, as the last.
Disney and 21st Century Fox have now agreed for Disney to acquire the TV and movie studios, Star India, FX, Nat Geo, Fox's 30 percent stake in Hulu and Fox's 39 percent stake in Sky.
Disney didn't purchase what is now known as "New Fox" and includes the broadcast network, Fox News Channel, Fox Business Network, FS1 and FS2.
You can read more about the purchase here.
Source: The Hollywood Reporter
Image: Oh My Disney
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