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Disney buys 21st Century Fox for USD 52.4 bln in stock

Thursday 14 December 2017 | 13:25 CET | News
The Walt Disney Company said it has agreed to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses and the company's debt, for USD 52.4 billion in stock, subject to adjustment based on tax liabilities. The price implies a total transaction of USD 66.1 billion. Before the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders. Bob Iger will

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Categories: Broadcast & Satellite / Internet
Companies: Endemol / FX Networks / Hulu / National Geographic / Sky / Tata Sky / The Walt Disney Company / Twentieth Century Fox
Countries: World
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