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Disney to Buy 21st Century Fox Assets for $52.4 Billion in Historic Hollywood Merger

posted by Fnord666 on Friday December 15 2017, @08:38AM   Printer-friendly
from the eaten-by-the-mouse dept.

AnonTechie writes:

The Walt Disney Co. has set a $52.4 billion, all-stock deal to acquire 20th Century Fox and other entertainment and sports assets from Rupert Murdoch's empire. The deal between Disney and 21st Century Fox marks a historic union of Hollywood heavyweights and a bid by Disney to bolster its core TV and film businesses against an onslaught of new competitors in the content arena.

Disney is betting on an ambitious purchase of a sizable chunk of 21st Century Fox, hoping that more cable networks, production studios and other properties will buoy it into the future as it dives into the direct-to-consumer streaming distribution business with sports and entertainment services planned to launch in 2018 and 2019, respectively.

http://variety.com/2017/biz/news/disney-fox-merger-deal-52-4-billion-merger-1202631242/

Also at The NYTimes, The Verge, and the The LATimes

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  • (Score: 2) by MostCynical on Friday December 15 2017, @09:40AM

    by MostCynical (2589) on Friday December 15 2017, @09:40AM (#610208) Journal

    Because they don't know how to carve up the profits without mergers and lawyers sorting it out.

    --
    "I guess once you start doubting, there's no end to it." -Batou, Ghost in the Shell: Stand Alone Complex
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