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Disney's long-standing chief executive Bob Iger struck the deal with Rupert Murdoch Disney's long-standing chief executive Bob Iger struck the deal with Rupert Murdoch
Dec 15, 2017

Disney - Fox deal sealed at $52.4bn

Walt Disney has agreed to buy the bulk of 21st Century Fox's business for $52.4bn (£39bn), in a deal both companies said position them to compete in the rapidly changing media industry.

The purchase includes Fox's film and television studios, regional sports network and international holdings as well as its 39% stake in satellite broadcaster Sky.

The move adds to Disney's back catalogue high-grossing films such as the original Star Wars movies, the Marvel superhero pictures, Avatar and Deadpool, as well as TV hits such as Modern Family and The Simpsons.

Fox will form a news-focused company with its remaining assets.

The move is a sharp shift for 86-year-old Fox owner Rupert Murdoch after more than half a century of media expansion.

(BBC News)

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