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Disney completes takeover of 21st Century Fox
Posted On March 25, 2019
Disney, the largest traditional media company in the world, closed its takeover of major parts of fellow Hollywood giant 21st Century Fox late Tuesday. It marks the companies officially becoming one a year after they first reached an agreement to merge in what would become a $71.3 billion deal.
Fox is home to blockbuster franchises like X-Men, Deadpool, Kingsmen and Planet of the Apes; animated films like Ice Age; and TV assets like The Simpsons as well as the network FX. The deal covers the 21st Century Fox film and television studios, as well as a cable group that comprises FX, National Geographic, 300-plus international channels and 22 regional sports networks.