Walt Disney bought 20th Century Fox (Topic)

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Walt Disney bought 20th Century Fox


Walt Disney has acquired most of the 21st Century Fox Corporation, including its 20th Century Fox movie studio, television studio, cable channels FX and National Geographic, as well as regional sports channels Fox and 39 percent of UK satellite channel Sky. Naturally, Walt Disney will also take over the richest library of movies, TV series and characters, the rights to which were previously controlled by Fox.

This is reported by the publication Deadline with reference to official information. The deal is valued at $ 66.1 billion. Most of this amount will be paid out in shares. Fox investors will receive 0.2745 Walt Disney shares for every Fox share they own.

The company will continue to lead the company after the merger, with current CEO Bob Iger. who will remain in office until at least 2021. The deal does not apply to Fox News, its network and regional stations. 21st Century Fox will also retain an office building in downtown Los Angeles.

Thus, following the signing of the relevant contract, one of the largest media companies in the world was formed

The Topic of Article: Walt Disney bought 20th Century Fox.
Author: Jake Pinkman