Disney closes reaching $60 billion in Fox Asset Acquisition transaction

Walt Disney approaches the acquisition of entertainment assets of 21st Century Fox owned by Rupert Murdoch, which will reshape Hollywood and the rapidly digitizing global media industry. According to sources who had heard about the negotiations, the deal valued approximately $60 billion of Fox's assets, including debt, and will be announced as soon as this Thursday. Disney approached Fox Asset Acquisition The deal means that Twentieth Century Fox Film Corporation, which owns large copyrights such as "Avatar" and "X-Men", will join Disney's production. The company will also take over the international pay-TV brands (including Sky in the UK and Star in India), the regional sports network in the United States, and Fox’s stake in Hulu, the digital streaming media service. A person familiar with the terms of the deal stated that Fox’s remaining assets, including Fox Television Broadcasts and Fox News Channel, will be spun off to become a new company, worth approximately $10 per share. The final details that are still finalized on Tuesday include the total price that Disney will pay, as well as the whereabouts of Fox CEO James Murdoch. It is reported that he may hold senior positions in the merged group, which would mean He bid farewell to his 20-year career as a father for Rupert. Negotiators are also discussing what measures need to be taken to meet Washington's stricter regulatory scrutiny. The Trump administration recently blocked AT&T’s acquisition of Time Warner’s $85.4 billion deal, unless the latter sold some television broadcast networks.

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