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News: General

Disney Announces $52.4B Acquisition of Much of 21st Century Fox

Thursday, December 14, 2017   (0 Comments)
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From Mashable:

It's an arms race, and every media company is involved.

Disney announced its much-anticipated acquisition of a big piece of 21st Century Fox for $52.4 billion in stock. 

The move gives Disney four important assets as the Mickey Mouse operation moves to compete with rivals including Netflix and Amazon. 

Here's what Disney is buying:

    • 21st Century Fox movie studio
    •  FX and National geographic cable channels and some regional sports channels
    • Fox's stake in Hulu
    • Fox's stake in European cable company Sky

- Read the full article at Mashable.com


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