The Walt Disney Company announced Thursday it will acquire entertainment assets from 21st Century Fox in a deal worth more than $52 billion in stock.
As part of the all-stock purchase, Disney will acquire the 20th Century Fox film and television conglomerate and assume nearly $14 billion in Fox debt.
The total value of 21st Century Fox's assets is estimated at $66.1 billion, Disney said.
Twenty-first Century Fox was established in 2013 in a spinoff venture by Australian businessman Rupert Murdoch's News Corporation.
Disney announced the major deal in a transaction call Thursday morning.
Ruth Buzzi, a variety-show veteran most famous for her role on "Rowan & Martin’s Laugh-In", has died. She...
Los Angeles county officials on Tuesday approved a $4bn payout to settle nearly 7,000 claims of...
A Brooklyn woman said she feared for her life as she was chased, kicked, spit at...
