Disney makes a deal to acquire a major chunk of Fox

December 15, 2017 12:50 pm Published by :

One of the biggest corporate buys of the decade has just about to surface. It is reported that Walt Disney has agreed to buy a major portion of 21st Century Fox’s business for $52.4bn.

This purchase is said to include Fox’s film and television studios, as well as its 39% stake in the satellite broadcaster, Sky.

It is also said that the Fox shareholders that include the Murdochs, will get a 25% stake in Disney, while Fox will form a news-focused company with its remaining assets.

Disney will be taking up Fox’s movie and television studios, regional sports networks, and its international holdings.

In a wish to focus on news and big live sports events, Fox will ostensibly be holding on to its prime channels like Fox News Channel, Fox Business Network, Fox Broadcasting Company, Fox Sports, Fox Television Stations Group, and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network.