Acquisition of 21st Century Fox by Disney

Acquisition of 21st Century Fox by Disney
Initiator	The Walt Disney Company
Target	21st Century Fox
Type	Full acquisition; spinoff of certain assets
Cost	US$71.3 billion
Initiated	December 14, 2017
Completed	March 20, 2019
Resulting entity	Fox Corporation (spun-off assets)

The acquisition of Twenty-First Century Fox, Inc. by The Walt Disney Company was announced on December 14, 2017, and was completed on March 20, 2019.^[1] Among other key assets, the acquisition included the 20th Century Fox film and television studios, U.S. cable channels such as FX, Fox Networks Group, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu. Most remaining assets (including the Fox Broadcasting Company, Fox Television Stations, Fox News Channel, Fox Business, Fox Sports 1 and 2, Fox Deportes, and the Big Ten Network), which were excluded from the deal, were spun off into a new company called Fox Corporation on March 19, 2019 (a day before the acquisition was completed). Other 21st Century Fox assets such as the Fox Sports Networks and Sky were divested and sold off to Sinclair and Comcast, respectively.^[2]

^ Szalai, Georg; Bond, Paul (March 20, 2019). "Disney Closes $71.3 Billion Fox Deal, Creating Global Content Powerhouse". The Hollywood Reporter. Archived from the original on March 20, 2019. Retrieved March 20, 2019.
^ Snider, Mike (December 14, 2017). "Disney to buy key 21st Century Fox assets for $52.4 billion". USA Today. Archived from the original on May 3, 2019. Retrieved August 13, 2019.