Disney buys Fox for $52.4bn
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.