Thursday, 14 December 2017

Walt Disney buys Murdoch's 21st Century Fox for $52.4bn


Disney chief executive Bob Iger and Rupert Murdoch

Walt Disney has agreed to buy 21st Century Fox's entertainment assets for a total $52.4bn (£39bn).

The deal includes Fox's 39% stake in satellite broadcaster Sky, and the 20th Century Fox film studio, Disney announced.


Fox's remaining assets, including Fox News and Sports, will form a new company.


The deal ends more than half a century of media expansion by Fox owner Rupert Murdoch, who is 86 years old.




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