Post by andie on Dec 14, 2017 13:49:51 GMT
www.washingtonpost.com/news/business/wp/2017/12/14/disney-buys-much-of-fox-in-mega-merger-that-will-shake-world-of-entertainment-and-media/?utm_term=.9a45fb613965
Disney buys much of Fox in megamerger that will shake world of entertainment and media
"NEW YORK — The Walt Disney Company, an entertainment firm as sprawling as one of its landmark theme parks, has pulled off one of the largest media mergers in history by acquiring the majority of assets from rival 21st Century Fox.
The announcement resets the Hollywood power grid. Disney, the nation’s largest studio by box office returns and the company behind the Marvel and “Star Wars” franchises, is acquiring Fox, the third-largest studio known for backing some of Hollywood’s most critically acclaimed films, as well as the blockbuster “X-Men” series. It also brings together Fox, owner of FX, National Geographic and “The Simpsons,” with the company behind ESPN and ABC.
Disney will pay $52.4 billion for Fox, which will spin off Fox broadcast networks and the Fox News Channel and Fox Business Channel, leaving them in the hands of Rupert Murdoch, chairman of 21st Century Fox. Robert Iger, the chairman and chief executive of Disney who had been rumored to be considering a run for president, will continue with the combined firm through 2021.".
Disney buys much of Fox in megamerger that will shake world of entertainment and media
"NEW YORK — The Walt Disney Company, an entertainment firm as sprawling as one of its landmark theme parks, has pulled off one of the largest media mergers in history by acquiring the majority of assets from rival 21st Century Fox.
The announcement resets the Hollywood power grid. Disney, the nation’s largest studio by box office returns and the company behind the Marvel and “Star Wars” franchises, is acquiring Fox, the third-largest studio known for backing some of Hollywood’s most critically acclaimed films, as well as the blockbuster “X-Men” series. It also brings together Fox, owner of FX, National Geographic and “The Simpsons,” with the company behind ESPN and ABC.
Disney will pay $52.4 billion for Fox, which will spin off Fox broadcast networks and the Fox News Channel and Fox Business Channel, leaving them in the hands of Rupert Murdoch, chairman of 21st Century Fox. Robert Iger, the chairman and chief executive of Disney who had been rumored to be considering a run for president, will continue with the combined firm through 2021.".
