#disney and 21st century fox deal

The news broke out yesterday and took the world by a storm, Disney has sealed the deal to acquired 21st Century Fox including most of its assets for approximately $52.4 billion in stock. The assets of 21st Century Fox that will now belong to Disney include Twentieth Century Fox, Fox Searchlight Pictures and Fox 2000 which are home to Avatar, X-Men, Fantastic Four and Deadpool, among others. Disney will also acquire Twentieth Century Fox Television, FX Productions, and Fox21 which brought to life various TV series such as The Americans, This Is Us, Modern Family, and The Simpson. However, some assets of 21st Century Fox will not be joining Disney and would instead be distributed to the mass media corporation's shareholders before the official acquisition. The reason why Disney is unable to claim Fox' broadcast network is that due to Federal law one company cannot own more than one broadcast network and they already own ABC. Apart from that, the deal will also bring enhancements to Disney's worldwide offerings and would enable the mass media entertainment company to further improve its Television reach on the global market. Read more in our articles including "Walt Disney Company to acquire Twenty-First Century Fox, Inc." and "Xbox and Discord offer new benefits for Game Pass and Nitro members".