GAME CHANGER! Disney Just Purchased $52 Billion in 21st Century Fox Assets, Gives Rupert Murdoch 25% Ownership of Disney

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Posted by moku 2018 years ago in News
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Disney on Thursday announced a deal to acquire many parts of Twenty-First Century Fox for $52.4 billion in stock. The company will get Fox's movie studios, networks Nat Geo and FX, Asian pay-TV operator Star TV, and stakes in Sky, Endemol Shine Group and Hulu, as well as regional sports networks.

The acquisition values the combined Fox business at $29.54 per share, based on Disney's closing share price Wednesday. The deal has a total value of approximately $66.1 billion, with Disney assuming $13.7 billion of Fox's net debt.

Shares of Fox were up fractionally in early trading; Disney traded 1.2 percent higher.

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