The Walt Disney and 21st Century Fox merger will be finalized by Summer 2019. This statement was made by FOX President Peter Rice, quoted by Deadline. Among the assets that will become the property of Walt Disney will be 20th Century Fox, 20th Century Fox Television TV and FX Networks.
Unlike the situation with the merger of Time Warner and AT & T, the partners do not expect any problems with by the US Department of Justice, so during the year the lawyers of the companies will simply agree on the details. As a reminder, Walt Disney bought 21st Century Fox in December 2017. The deal was valued at $ 66.1 billion. Most of this amount will be paid out in shares. Fox shareholders will receive 0.2745 Walt Disney shares for each Fox share they own.
This agreement will have a huge impact on the further development of various movie franchises. It is quite possible that after 2019, viewers will be offered the updated Marvel Cinematic Universes with the participation of the X-Men, the Fantastic Four series will be restarted, other projects with popular characters, the rights to which belong to the 20th Century Fox studio, will go into production.
The Topic of Article: FOX CEO announced timing of merger with Walt Disney.