Disney's Acquisition of 21st Century Fox Set to Close Next Week


Disney's acquisition of Fox was first announced in 2017.

Disney's $ 71.3 billion acquisition of 21st Century Fox is set to close next week.

Announced by Disney and Fox close to March 20, 201[ads1]9, at 12:02 am ET.

The news came alongside the deadline for holders of 21st Century Fox's common stock to elect the form of consideration they wish to receive in preparation for closing.

As previously mentioned, the acquisition was originally announced in 2017 for a price of $ 52.4 billion. However, Comcast launched a bidding price that raised the purchase price to $ 71.3 billion in cash and stock.

The acquisition includes most of Fox's properties, including X-Men and the Simpsons, but does not include news, sports, broadcast channels or its studio lot.

Disney will act as its new property, it has confirmed that Marvel would be taking over X-Men and Kevin Feige will oversee it, but that Fox intends to keep The Simpson for "the foreseeable future. "

For more, you can read about how we feel that this makes Disney the most powerful film studio around and what it could mean for TV, especially with Disney's upcoming launch of its streaming platform, Disney +.

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Adam Bankhurst is a news writer for IGN who offered $ 20 for 21st Century Fox but was turned down, sadly. You can follow him on Twitter @AdamBankhurst.

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