Initiator | The Walt Disney Company |
---|---|
Target | 21st Century Fox |
Type | Full acquisition of entertainment assets |
Cost | US$71.3 billion |
Initiated | December 14, 2017 |
Completed | March 20, 2019 |
The acquisition of 21st Century Fox by The Walt Disney Company was announced on December 14, 2017, and was completed on March 20, 2019.[1] Among other key assets, the acquisition included the 20th Century Fox film and television studios, U.S. cable channels such as FX, Fox Networks Group, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu. Most remaining assets (Fox Broadcasting Company, Fox Television Stations, Fox News Channel, Fox Business, Fox Sports 1 and 2, Fox Deportes, and the Big Ten Network) were not part of the deal and they were spun off into a new company called Fox Corporation on March 19, 2019 (a day before the acquisition was completed). Other 21st Century Fox assets such as the Fox Sports Networks and Sky were divested and sold off to Sinclair and Comcast, respectively.[2]