alienmem wrote:That has already been shut done. negotiation fell apart.
The Walt Disney Co. is acquiring most of 21st Century Fox Inc. for $52.4 billion in stock, Disney announced this morning. Fox will spin off and retain some of its properties, including Fox News, but Disney would own Fox's substantial film and TV empires.
"The acquisition of this stellar collection of businesses from 21st Century Fox reflects the increasing consumer demand for a rich diversity of entertainment experiences that are more compelling, accessible and convenient than ever before," Disney chairman and CEO Bob Iger said in a statement announcing the acquisition.
For Disney, which owns ABC News, taking ownership of one the country's largest movie studios from the Rupert Murdoch-controlled company would be among the biggest media deals in recent years.
Twenty-first Century Fox executive chairman Rupert Murdoch said in a statement, "We are extremely proud of all that we have built at 21st Century Fox, and I firmly believe that this combination with Disney will unlock even more value for shareholders as the new Disney continues to set the pace in what is an exciting and dynamic industry.”
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