Disney completes takeover of 21st Century Fox

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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.

See more details from BBC.com below