Disney completes $71.3 billion acquisition of 21st Century Fox

Disney CEO Bob Iger.
(Image credit: Michael Loccisano/Getty Images)

Disney officially finalized its $71.3 billion purchase of 21st Century Fox early Wednesday morning.

The company's new assets include Twentieth Century Fox, Fox Searchlight Pictures, Fox Family, Fox Animation, Twentieth Century Fox Television, the FX and National Geographic channels, Star India, and Fox's interest in Hulu, Variety reports. "This is an extraordinary and historic moment for us — one that will create significant long-term value for our company and our shareholders," Disney CEO Bob Iger said in a statement.

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Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.