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Old 12-14-2017, 12:42 PM  
DaneMcCloud DaneMcCloud is offline
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It's a Done Deal: Disney purchases Fox

$52 Billion plus Fox's $14 Billion of debt.

It’s now official – Walt Disney Company has purchased key parts of 21st Century Fox including the 20th Century Fox movie studio and the 20th Century Fox Television production company, along with media assets like Fox Searchlight, Fox 2000, FX Networks, FX Productions, National Geographic Partners, Fox21, Fox Regional Sports Networks, and Fox’s stake in Hulu, Star India, Endemol Shine Group and Sky.

Not included in the deal due to anti-trust restrictions are Fox News, the FOX broadcast network, or Fox Sports, which all remain a part of the Fox empire – as will the Fox studio lot in Century City. Those will be separated and maintained either under a newly listed company that will be spun off to its shareholders, or merge with News Corp. itself.

Disney now has its hands on Fox’s key franchises including “X-Men,” “Alien,” “Predator,” “Avatar,” “Die Hard,” “Planet of the Apes,” “Kingsman” and “Fantastic Four” (which is listed in the press release). Disney now also controls the full rights to all “Star Wars” films with the previously Fox-owned 1977 original likely to go back to Disney’s Lucasfilm – meaning theatrical re-releases and a potential home video version of the original theatrical cut.

Disney’s upcoming streaming service will also benefit with the addition of a ton of Fox content. The entire deal was done for approximately $52.4 billion in stock along with Disney also assuming approximately $13.7 billion of net debt for a total transaction value of approximately $66.1 billion.

At the request of both 21st Century Fox and the Disney Board of Directors, Mr. Iger has agreed to continue as Chairman and Chief Executive Officer of The Walt Disney Company through the end of calendar year 2021.

The Boards of Directors of Disney and 21st Century Fox have approved the transaction, which is subject to shareholder approval by 21st Century Fox and Disney shareholders, clearance under the Hart-Scott-Rodino Antitrust Improvements Act, a number of other non-United States merger and other regulatory reviews, and other customary closing conditions. It’s expected it will take 12-18 months to gain the necessary approvals to fuse the companies.
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Old 01-11-2018, 10:24 AM   #106
Rausch Rausch is offline
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Originally Posted by BigRichard View Post
Are they still working on blocking this purchase? Man I hope so.
My guess would be that since it clearly favors Trump there will not be a push to block it. It will have to go through the process (anywhere from 9 months to 2 years) but it's a done deal...
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Old 01-11-2018, 10:25 AM   #107
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So...how many "Disney Princesses" are there now?
Other than the MCU everyone is a princess...
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"He had no teeth, and he was slobbering all over himself. I'm thinking, 'You can have your money back, just get me out of here. Let me go be an accountant." I can't tell you how badly I wanted out of there."
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Old 01-11-2018, 03:49 PM   #108
oaklandhater oaklandhater is offline
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My guess would be that since it clearly favors Trump there will not be a push to block it. It will have to go through the process (anywhere from 9 months to 2 years) but it's a done deal...
Dem's want to block it.

My guess is if Dems win the house and senate during midterms they will try to keep it in the courts.
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Old 01-11-2018, 03:55 PM   #109
DaneMcCloud DaneMcCloud is offline
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Originally Posted by oaklandhater View Post
Dem's want to block it.

My guess is if Dems win the house and senate during midterms they will try to keep it in the courts.
No meeting has been set.

Also, the Justice Department is likely to review the transaction, but it does not require congressional approval.
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