Entering text into the input field will update the search result below

Mega-media: Disney confirms Fox deal

Dec. 14, 2017 7:09 AM ETThe Walt Disney Company (DIS) StockBy: Clark Schultz, SA News Editor48 Comments
  • Disney (NYSE:DIS) confirms its deal with Twenty-First Century Fox (FOXA) to acquire 21st Century Fox for $52.4B.
  • The deal includes the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses.
  • 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders.
  • Under the terms of the agreement, shareholders of 21st Century Fox will receive 0.2745 Disney shares for each 21st Century Fox share they hold.
  • The acquisition price implies a total transaction value of approximately $66.1B.
  • "The acquisition of this stellar collection of businesses from 21st Century Fox reflects the increasing consumer demand for a rich diversity of entertainment experiences that are more compelling, accessible and convenient than ever before,” says Disney CEO Robert Iger,
  • At the request of both boards, Iger has agreed to continue as chairman and CEO of Disney through the end of calendar year 2021.
  • DIS -0.06% premarket to $107.55
  • Source: Press Release

Recommended For You

About DIS Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
DIS--
The Walt Disney Company