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A deal that would have been unimaginable just a couple months ago has now been finalized: Walt Disney Company announced that it will acquire 21st Century Fox, including Twentieth Century Fox movie and TV studios, most of its cable networks, international assets like Star and Sky and its stake in Hulu for $52.4 billion. The deal will be an all-stock transaction.
Just before the acquisition, assuming it passes regulatory hurdles, Fox will spin off news sports and the broadcast network to its shareholders and create “a new Fox.”
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