Disney-Fox mega-deal set to close March 20

Marco Green
March 14, 2019

The big money takeover of 21st Century Fox by the Walt Disney Company could become official in a matter of days, according to Disney boss Bob Iger.

It is reported the Disney-Fox deal is expected to go through next week as a reporter for CNN offers the news. "Eastern Time on 20 March". Studios, but it hasn't been publicly stated if that is included in the transaction.

It also vastly reduces the empire of media mogul Rupert Murdoch and his family, who are planning a "new Fox" that includes the U.S. broadcast network and the Fox News Channel.

The Mouse House will also acquire a further 30 per cent stake in Hulu, bringing its total share of that company to 60 per cent.

Previously, Fox's ownership of the rights to the X-Men and Fantastic Four prevented characters like Wolverine, Professor X and the Human Torch from appearing in the MCU. Meanwhile, Disney is also set to launch its own separate streaming service, dubbed Disney+, later this year.

Mexico's telecoms regulator said on Tuesday it had approved the Walt Disney Co's $71 billion purchase of Twenty-First Century Fox Inc's film and television assets, subject to conditions, including the sale of Fox Sports channels. "We're honored and grateful that Rupert Murdoch has entrusted us with the future of businesses he spent a lifetime building, and we're excited about this extraordinary opportunity to significantly increase our portfolio of well-loved franchises and branded content to greatly enhance our growing direct-to-consumer offerings".

Other reports by Click Lancashire

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