Disney Completes Its $71.3 Billion Purchase of Fox, Massively Transforming the Industry

Some news, broadcast and sports assets spun off into new company ahead of merger

It took 15 months and nearly $20 billion more than originally planned, but the Walt Disney Company has officially closed on its $71.3 billion purchase of 21st Century Fox, putting into motion one the industry’s most massive transformations ever.

The deal gives 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, as the company bulks up to take on Silicon Valley heavyweights like Netflix, Amazon, Apple and Google.

Just

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in