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Author Topic: Disney to buy 21st Century Fox assets in a deal worth more than $52 billion in stock  (Read 662 times)

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Offline mystery-ak

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Disney to buy 21st Century Fox assets in a deal worth more than $52 billion in stock
« on: December 14, 2017, 05:25:03 pm »
Disney to buy 21st Century Fox assets in a deal worth more than $52 billion in stock

    The deal has a total value of approximately $66.1 billion, with Disney assuming $13.7 billion of Fox's net debt.
    Bob Iger will remain Disney's chairman and CEO through the end of 2021.
    The Disney-Fox deal will give Disney more content when it launches its own streaming service.
    Netflix may lose more content, but the company has already made moves to create more of its own content.

Michelle Castillo   | @mishcastillo
Published 5 Hours Ago Updated 2 Hours Ago CNBC.com

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.

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https://www.cnbc.com/2017/12/14/disney-to-buy-21st-century-fox-assets.html
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Offline Suppressed

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Re: Disney to buy 21st Century Fox assets in a deal worth more than $52 billion in stock
« Reply #1 on: December 15, 2017, 01:23:15 pm »
Huge blow to Netflix. Not just content loss, but now Disney would have controlling stake in Hulu.
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Offline TomSea

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Re: Disney to buy 21st Century Fox assets in a deal worth more than $52 billion in stock
« Reply #2 on: December 16, 2017, 01:40:41 am »
Some of the reporting makes it sound like they won't be buying Fox News though, that's a bit vague. I hope Fox News is left alone or at least, not changed.
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