Tag: rupert murdoch
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Rupert Murdoch’s New Fox May Reacquire Regional Sports Network From Disney
New Fox appears to be a leading contender to buy the regional sports network from Disney that it is purchasing from 21st Century Fox. Fox, after selling off its 21st Century Fox assets for $71.3 billion, is refocusing on sports and news. Disney is selling off the regional sports network due to its ownership of…
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Disney and Fox Shareholders Vote to Approve Merger
Shareholders for The walt Disney’s Company and 21st Century Fox have voted to approve a merger between the two companies. The vote comes after a bidding war between Disney and Comcast for Fox threatened to disrupt the deal. The deal will include Fox’s movie and television studios along with its cable entertainment and international assets.…
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It’s Official! Disney Acquires 21st Century Fox
December 14, 2017 Disney officially announced that they have come to a deal to acquire 21st Century Fox. Disney have an agreement to acquire the company at $52.4 billion in stock. Shareholders of 21st Century Fox will receive 0.2745 of Disney shares in the acquisition. Disney will also assume a debt of $13.7 billion that…