Disney to acquire 21st Century Fox assets for USD 52.4 Billion in stock
December 15th, 2017
Disney has reached a deal to acquire certain assets of 21st Century Fox (FOXA), the parent company of FOX Business, for approximately USD 52.4 billion in stock. The total transaction is valued at USD 66.1 billion, including 21st Century Fox’s debt. The deal includes 21st Century Fox assets- Twentieth Century Fox Film and Television studios, along with cable and international TV businesses like Star India. Prior to this acquisition, Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company. Disney’s Robert Iger will continue to serve as the Chairman and CEO of Disney through 2021.