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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.

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Disney set to seal $60bn 21st Century Fox takeover

2017-12-13 02:14:16| BBC News | Business | UK Edition

A sale of Rupert Murdoch's entertainment assets could be confirmed as soon as Thursday, reports say.

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21st Century Fox 'expects Sky approval in 2018'

2017-08-10 01:48:03| BBC News | Business | UK Edition

The comments suggest the US media giant is gearing up for a wider review of its proposed takeover of Sky.

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Hulu signs up 21st Century Fox and Walt Disney for new streaming service

2016-11-01 20:10:29| Digital TV News

Hulu has announced affiliate agreements with 21st Century Fox and The Walt Disney Company that will add to the line-up of programming that will be available through Hulus forthcoming TV streaming service.

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