Disney Officially Purchases Fox

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It was announced today that Disney has officially purchased Fox, after they outbit Comcast for these licenses and content. Comcast offered to purchase Fox for a small price of $65 billion dollars, leading Disney to increase their initial offer of $52 billion dollars as a result.

The merger has some impact on fan-favorite shows movies and characters from the 21st Century Fox company, including all titles and spin-off networks that now Disney owns. As an example, popular characters like X-Men in Deadpool will be incorporated into the Marvel Universe.

Disney will also control shows on FX and FXX and 21st-Century FOX, including popular shows such as American Horror Story, The Simpsons, alongside movie franchises including Planet of the Apes,  as well as movie cannons like, Die Hard and Ice Age. Disney also has control over popular shows on NBC including Modern Family and This Is Us.

Though the company is taking on the debt that Fox has incurred of $13.8 billion, there’s an upside for the Disney Corporation. This new acquisitional drastically increase their footprint.

Star Wars was recently purchased by the Disney Company, who also owns other large franchises like Marvel. This acquisition gives the Disney company control over FOX, FX SearchLight Pictures, 2,000 Pictures, and other titles related to the corporation. This acquisition will also give Disney partial control over streaming services like Hulu.

According to ComingSoon:

“The amended agreement has been approved by the boards of directors of Disney and 21st Century Fox. The transaction is subject to approval by Disney and 21st Century Fox shareholders, clearance under the Hart-Scott-Rodino Antitrust Improvements Act, a number of other non-United States merger and other regulatory reviews, and other customary closing conditions. Both companies had been scheduled to hold shareholder meetings on the previously announced transaction on July 10. In light of the amended agreement, the companies are required to prepare updated SEC filings and proxy materials which will be sent to shareholders. A new date for the shareholder meetings will be announced.”

We’ll keep you informed as new details arise for Disney and Fox.

Sources – ComingSoon

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