Disney just acquired 21st Century Fox for $52.4 billion in stocks, the reported actual value the deal is approximately $66.1 billion. Once the transaction is close, shareholders of 21st Century Fox will receive 0.2745 Disney shares for each 21st Century Fox share they hold, this will give the Murdoch family trading control of 21st Century Fox for a 4.25% stake in Disney.
The deal is expected to complete in 12 to 18 months, once closed, Disney will acquire entertainment properties like the Twentieth Century Fox, Fox Searchlight Pictures, Fox 2000, it also include movies like Avatar, X-Men, Fantastic Four and Deadpool, as well as The Grand Budapest Hotel, Hidden Figures, Gone Girl, The Shape of Water and The Martian, and its television creative units, Twentieth Century Fox Television, FX Productions and Fox21, which is the home of popular tv series The Americans, This Is Us, Modern Family, The Simpsons. Disney will also acquire FX Networks, National Geographic Partners, Fox Sports Regional Networks, Fox Networks Group International, Star India and Fox’s interests in Hulu, Sky plc, Tata Sky and Endemol Shine Group.
Not included in the deal are Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network, these will spun off into a new company called “New Fox”. Disney will also inherit an approximately $13.7 billion of net debt of 21st Century Fox.
Once completed, the deal will bring X-men, Fantastic Four and Deadpool back into the fold of Marvel, also owned by Disney, and possibilities of Avengers, X-men, Fantastic Four and even Deadpool doing a movie together is very high.
