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One day before the long-anticipated $71.3 billion merger between the Walt Disney Company and 21st Century Fox is scheduled to close, Fox has created the standalone company that several of its assets will be spun off into ahead of the acquisition.
Fox Corporation, which had been known unofficially as “New Fox,” is now a publicly traded company. It will house the 21st Century Fox assets that won’t be part of the Disney deal, including Fox broadcasting network, Fox Sports, Fox News and Fox Business Network.