Dec 13, 2017
Disney set to seal $60bn 21st Century Fox takeover
Walt Disney is close to confirming a deal to buy 21st Century Fox's entertainment assets for about $60bn, reports say. The sale would include the 20th Century Fox film studio and the Sky and Star satellite broadcasters in the UK, Europe and Asia. The assets being sold by Fox include its FX and National Geographic cable channels, 22 regional US sports networks and the company's stake in the Hulu streaming platform in the US. It would also add to Disney's extensive film and television library, with movies such as Avatar and Deadpool, as well as small screen hits including The Simpsons and Modern Family. The Fox broadcast network, Fox News and Fox Sports would remain under the Murdochs' control. Shares in Disney rose 0.5% in New York on Tuesday, valuing the company at $162bn, while 21st Century Fox added 1%, valuing it at $62.6bn. Fox shares have jumped by close to a third over the past three months.
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