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The Walt Disney Company and 21st Century Fox have struck a new merger agreement, with Fox's leadership having rejected Comcast's attempt to outbid Disney.
Under the amended acquisition agreement announced today, Disney would buy Fox for $71.3 billion in cash and stock. This comes one week after Comcast offered Fox $65 billion in cash, which topped Disney's previous deal to buy Fox for $52.4 billion in stock.
The sale to either Disney or Comcast would include 21st Century Fox's film and television studios, cable entertainment networks, the Fox Sports Regional Networks, and international properties including Star in India and Fox's 39-percent ownership of Sky across Europe.
The sale would also include Fox's 30-percent stake in Hulu. Comcast already owns 30 percent of Hulu, so this deal would give it majority control of the online video service. Disney also has a 30-percent stake in Hulu, while Time Warner owns 10 percent of the company.
The Fox sale would not include major assets such as the Fox News Channel, Fox Business Network, and Fox Broadcasting Company. Those would be spun off into a new company, and Comcast or Disney would acquire 21st Century Fox after the spinoff.
They also slowly seem to be acquiring monopoly on sports broadcasting between ESPn and now fox sports l.
originally posted by: AugustusMasonicus
a reply to: dug88
Better Disney than scummy Comcast, they're the Devil's own corporation of agonizing torture.
originally posted by: IgnoranceIsntBlisss
The lot of them need to be broken up, not emboldened.
Where the F is Donald Chump on these new mergers since he's in there?