21st Century Fox: Disney's New Acquisition (Video)

After a period of rumors and suspicions, it was finally confirmed: The Walt Disney Company acquired a large part of 21st Century Fox for $52.4 billion.

Bob Iger, CEO of Walt Disney, claimed that “The acquisition of this stellar business collection from 21st Century Fox reflects growing consumer demand for a rich diversity of entertainment experiences that are more compelling, accessible and convenient than ever.”

On the other hand, Rupert Murdoch, president of 21st Century Fox, said in a statement that, “We are extremely proud of everything we have built at 21st Century Fox and I firmly believe that this combination with Disney will unlock even more shareholder value. while the new Disney continues to set the pace for what is exciting and dynamic.”

Murdoch said he was very convinced that Under Bob Iger's leadership, the new company will be one of the largest in the world. He also thanked and encouraged Iger to commit to success with “a combined team that is second to none.”

Disney wants to stay at the number one spot in entertainment, and has gradually bought up the big studios. Previously, bought Marvel and also acquired Pixar, in addition to Lucasfilm. And this time it has acquired Fox's entertainment division.

Fox will not disappear

Walt's thing Disney Company and 21st Century Fox is not a complete takeover, but rather a give and take. Both companies win, since the terms of the agreement state that, 21st Century Fox shareholders will receive 0.2745 Disney shares for each 21st Century Fox share they own..

The distribution of assets would be as follows:

Disney gets:

1. 20th Century Fox, Fox 2000, Fox Searchlight, film and television studios.
2. Hulu Majority Control (60%).
3. Several major film franchises, including X-Men, Avatar, and Deadpool.
4. Major TV franchises, including The Simpsons, This Is Us, and Modern Family.
5. International media companies, including 350 channels in 170 countries, Star India, and the 39% of the European pay-TV operator Sky.
6. FX and National Geographic Partners.
7. Fox's regional sports networks, including YES.
8. 13.7 billion of Fox's debt.
9. An estimated savings of 2 billion.
10. Bob Iger's contract runs until 2021.

Fox gets:

• 25% of Disney shares.
• 8.5 billion in cash dividends from the spin-off company.

The Fox spin-off company maintains:

1. Fox broadcast.
2. Fox News.
3. Big Ten Network.
4. Sports networks FS1 and FS2.
5. Fox Business News.

The Simpsons predicted the Disney acquisition

Yes, although it may seem incredible, The Simpsons did it againThis time, it was in episode 10 of season 5, aired in 1998It's called "When You Dish Upon a Star."

In the episode a building is shown that in front has a sign with the words “20th Century Fox, a division of Walt Disney Co.”

Yes ok Disney One of the strongest entertainment companies, it also owns businesses in media networks, parks, and resorts. In fact, In the 2017 Forbes ranking of the World's Best Companies, it was placed in 5th position.

The New York Times has noted that “The huge deal is the latest move toward consolidation in Hollywood.”We'll have to wait a bit to see what changes Disney will make. What do you think Walt Disney's next goal is?

Image: Geekine