Disney to buy most of 21st Century Fox for $66 billion

Disney announced plans to buy most of 21st Century Fox – a massive media and entertainment company owned by right-wing billionaire Rupert Murdoch – for $66 billion, including more than $13 billion in debt. According to a joint announcement, the deal includes 21st Century Fox’s film and television studios, cable networks and international TV businesses, as well as popular entertainment properties and a stake in Hulu. 21st Century Fox will spin-off Fox Broadcasting, which includes its broadcasting stations, Fox News Channel, Fox Business Network and others.

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Disney Buys Most of 21st Century Fox for $66 Billion (DSL Reports, Dec. 15, 2017)

The Walt Disney Company To Acquire Twenty-First Century Fox, Inc., After Spinoff Of Certain Businesses, For $52.4 Billion In Stock (Walt Disney Company/21st Century Fox, Dec. 14, 2017)