The US entertainment giant Walt Disney has completed the $ 71.3 billion (62.8 billion) expensive acquisition of much of the rival 21st Century Fox today. „This is an extraordinary and historic moment for us, which will create significant long-term value for our company and our shareholders,“ announced Disney CEO Bob Iger.
Disney swallows through the acquisition, among other things, the legendary film studio 20th Century Fox and various television channels Fox, also change attractive holdings such as the Star India network and the streaming service Hulu owner. The Hollywood giant is gearing up for its planned attack on Netflix in the booming market for online television services.
However, Fox mogul Rupert Murdoch’s Fox corporation retains only its news flagship Fox News and the biggest sports broadcaster split off into a new company. The shareholders approved the takeover agreed in December 2017, which was delayed by a month-long bidding dispute between Disney and the cable company Comcast, in July 2018. The US antitrust authorities had previously given the green light.
