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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

Original Submission

1. "AnonTechie" - https://soylentnews.org/~AnonTechie/
2. "The NYTimes" - https://www.nytimes.com/2017/12/14/business/dealbook/disney-fox-deal.html
3. "The Verge" - https://www.theverge.com/2017/12/14/16735502/disney-fox-deal-film-tv-studio-acquisition
4. "The LATimes" - http://www.latimes.com/business/hollywood/la-fi-ct-disney-fox-sale-20171214-story.html
5. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=23812

printed from SoylentNews, Disney to Buy 21st Century Fox Assets for $52.4 Billion in Historic Hollywood Merger on 2023-05-26 15:45:26