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The purchase includes Fox's film and television studios, as well as its 39% stake in satellite broadcaster Sky.
Fox will form a news-focused company with its remaining assets.
The move is a sharp shift for 86-year-old Fox owner Rupert Murdoch after more than half a century of media expansion.
Says a lot about the “free market” and “healthy competition” and all the other silly little mantras the UltraCapitalists scream at us on a daily basis.
originally posted by: Misterlondon
Disney wanted this mainly for the film studios.. They gain the rights to the x men which will be a f ing cash cow when teamed with marvel..
Add that to the other elements of fox and they will get their money back in no time..
originally posted by: JoshuaCox
a reply to: elementalgrove
I don’t think Fox News was included.. I think it was just the movie side.. or I remember hearing that pre sale.