Stay 
Trading Conditions
Products
Tools
Walt Disney has secured a deal to acquire Twenty-First Century Fox Inc.'s film, television, and international businesses for $52.4 billion in stock, giving the world's biggest entertainment firm more momentum in its digital push.
Under the terms of the deal, Fox stockholders will get 0.2745 Disney shares for each share held and will own around 25 percent of Disney. The transaction is expected to be completed in 12 to 18 months.
Disney will acquire 21st Century Fox's film and television studios, its cable entertainment networks and international TV businesses. The deal will also include 22 of Fox's regional sports networks that have the rights to broadcast live sports events.
Early signs show that the deal will not have to face strong opposition from antitrust regulators as AT&T Corp.'s offer to acquire Time Warner Inc. has done. U.S. President Donald Trump, who has criticized AT&T's proposed merger, congratulated Fox owner Rupert Murdoch on the deal, according to the White House.
Shares of Fox which has risen over 30 percent since the start talk of the deal emerged in early November, ended up 6.5 percent. Meanwhile, Disney shares advanced 2.7 percent, driven by the firm's plan to repurchase up to $20 billion of its own shares to counter dilution from the all-stock agreement.
