Disney buys Fox for $52.4bn

BY Libyan Express Dec 14, 2017 - 16:26 Updated: Dec 19, 2017 - 22:36

Disney will buy the Fox assets for $52.4bn in stock

Walt Disney announced on Thursday that it is set to buy 21st Century Fox’s entertainment assets for a total $52.4bn.

The much talked about deal in recent days includes Fox’s 39% stake in satellite broadcaster Sky, and the 20th Century Fox film studio.

Disney will buy the Fox assets for $52.4bn in stock, plus about $13.7bn net debt, leaving the value of the deal at about $66.1bn.

Fox News and Sports, Fox’s remaining assets, will form a new company.

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