hollywood mega deals
Disney completes $71.3 billion acquisition of 21st Century Fox
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.
Disney has said that through the purchase, the company aims to "increase its international footprint" and "expand its direct-to-consumer offerings." With Iger at the helm, Disney purchased Pixar in 2006 for $7.4 billion, acquired Marvel Entertainment in 2010 for $4 billion, and bought Lucasfilm in 2012 for $4 billion.