Acquisition of 21st Century Fox by Disney information
Business acquisition held from 2017 to 2019
Acquisition of 21st Century Fox by Disney
Initiator
The Walt Disney Company
Target
21st Century Fox
Type
Full acquisition of entertainment assets
Cost
US$71.3 billion
Initiated
December 14, 2017
Completed
March 20, 2019
The acquisition of 21st Century Fox by The Walt Disney Company was announced on December 14, 2017, and was completed on March 20, 2019.[1] Among other key assets, the acquisition included the 20th Century Fox film and television studios, U.S. cable channels such as FX, Fox Networks Group, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu. Immediately after the acqusition, the holding company of the Fox Broadcasting Company, Fox Television Stations, Fox News Channel, Fox Business, Fox Sports 1 and 2, Fox Deportes, and the Big Ten Network was renamed Fox Corporation. Other 21st Century Fox assets such as the Fox Sports Networks and Sky were divested and sold off to Sinclair and Comcast, respectively.[2]
^Szalai, Georg; Bond, Paul (March 20, 2019). "Disney Closes $71.3 Billion Fox Deal, Creating Global Content Powerhouse". The Hollywood Reporter. Archived from the original on March 20, 2019. Retrieved March 20, 2019.
^Snider, Mike (December 14, 2017). "Disney to buy key 21st Century Fox assets for $52.4 billion". USA Today. Archived from the original on May 3, 2019. Retrieved August 13, 2019.
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