Wednesday, March 20, 2019

Media: the "Mouse" Swallows the "Fox": Disney Officially Wraps Fox Acquisition

It’s been more than a year since the Walt Disney Co. announced its plans to buy much of Rupert Murdoch’s 21st Century Fox. Now, the $71.3-billion deal is officially done. One of the biggest media consolidations in Hollywood history gives Disney ownership of film and TV franchises including “X-Men,” “Deadpool” and “The Simpsons.” The remaining Fox assets, including Fox News, the Fox broadcast network and the historic studio lot, have been spun off into a new company called Fox Corp. that will count former House Speaker Paul D. Ryan among its board members. And for Disney Chief Executive Bob Iger, it’s the boldest and riskiest move he’s taken in 14 years on the job.

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