Thursday, December 14, 2017

Disney to Buy 21st Century Fox Assets for $52.4 B

Yay!!!!! Marvel will finally have control over the X-Men, Wolverine and the (not so) Fantastic Four! All the other stuff is just icing on the cake.

The Walt Disney Co. has set a $52.4 billion, all-stock deal to acquire 20th Century Fox and other entertainment and sports assets from Rupert Murdoch’s empire. The deal between Disney and 21st Century Fox marks a historic union of Hollywood heavyweights and a bid by Disney to bolster its core TV and film businesses against an onslaught of new competitors in the content arena.