It has been several years in the making, and it is finally done!
According to a report put out by Disney, the final purchase goes into effect on March 20th at 12:02 a.m. Eastern Time.
The deal was supposed to be finalized closer to the beginning of this year, however the Fox regulators in Mexico were holding up negotiations. The writing had been on the wall for months that the deal would go through, it was just a matter of when.
According to a report that Disney put out, 21st Century Fox shareholders will have until Thursday to choose the amount of cash and Disney stock to receive in this historic transaction that cost an upwards of $71.3 billion. In the buyout Disney will acquire 20th Century Fox film and TV studios, Fox Television (such as FX), international networks, an additional 30% stake in Hulu (60% in total after the buyout), stakes in National Geographic Partners, Indian television broadcaster Star India, and other key assets. While this does seem like a lot, because it is, it is not everything that Fox owns. Continue reading “Disney Is Finally Closing The Fox Deal!”