Home Disney buys 21st Century Fox for USD 52.4 bln in stock
 

Keywords :   


Disney buys 21st Century Fox for USD 52.4 bln in stock

2017-12-14 13:25:00| Telecompaper Headlines

(Telecompaper) The Walt Disney Company said it has agreed to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses and the company's debt, for USD 52.4 billion in stock, subject to adjustment based on tax liabilities. The price implies a total transaction of USD 66.1 billion. Before the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders. Bob Iger will remain chairman and CEO of The Walt Disney Company through 2021. The acquisition is expected to yield at least USD 2 billion in cost savings from efficiencies realised through the combination of businesses.

Tags: stock century usd fox

Category:Telecommunications

Latest from this category

All news

»
28.03Farm Progress America, March 28, 2024
28.03Farm Progress America, March 28, 2024
28.03Circle City renews with Nielsen for Local TV measurement
28.03Skyworth and China Mobile launch 8K set-top box
28.03Orange Spain, MASMOVIL joint venture begins operations
28.03Brightcove launches Cloud Playout 2.0
28.03Thames Water shareholders refuse to inject more cash
28.03New figures due to show health of UK's economy
More »