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The long-anticipated $71.3 billion merger between the Walt Disney Company and 21st Century Fox, first publicly announced almost 15 months ago, is about to cross the finish line.
The companies said that they expect the deal to close on Wednesday, March 20, which is eight days from now.
The deal will give Disney control of the Twentieth Century Fox movie and TV studios, cable networks like FX and National Geographic, India’s Star network and Fox’s 30 percent stake in the Hulu streaming service.
Just before the deal closes, 21st Century Fox will spin off several of its assets—including the Fox broadcast network, Fox News, Fox Business Network and Fox Sports—into a new company, called Fox.
Disney
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