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Thursday, December 14, 2017

Breaking News: The Walt Disney Company is buying most of Rupert Murdoch's 21st Century Fox, a $52.4 billion deal likely to affect Hollywood and Silicon Valley

The Walt Disney Company said Thursday that it had reached a deal to buy most of the assets of 21st Century Fox, the conglomerate controlled by Rupert Murdoch, in an all-stock transaction valued at roughly $52.4 billion.

To complete the integration, a legacy-defining task, Robert A. Iger, Disney’s chief executive, agreed to renew his contract for a fourth time, delaying retirement from July 2019 to the end of 2021.


Anonymous said...

That's really huge and scary.

Anonymous said...

Now I won't have to tune in to FOX for news anymore. It will be the same as MSM.

Anonymous said...

Basically what is going on is Disney wanted the rights to the original Star Wars so Fox made them take their junk along with the deal. Fox still owns the news channels. It's not huge at all. The channels they are purchasing are ones like National Geographic, F and many we've never even heard of.

Anonymous said...

No wonder, their Ticket prices & overpriced cruses !!!
They got Plenty of Our $$$$$ !!!!!