Disney Closes 21st Century Fox Deal

The Walt Disney Company’s acquisition of 21st Century Fox became effective at 12:02 a.m. Eastern today, March 20.

“This is an extraordinary and historic moment for us—one that will create significant long-term value for our company and our shareholders,” said Robert A. Iger, chairman and CEO of The Walt Disney Company. “Combining Disney’s and 21st Century Fox’s wealth of creative content and proven talent creates the preeminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era.”

The mega-deal encompasses 21st Century Fox’s film production businesses, Twentieth Century Fox Television, FX Productions, Fox21, FX Networks, National Geographic Partners, Fox Networks Group International, Star India, and stakes in Hulu, Tata Sky and Endemol Shine Group.

“With 21st Century Fox’s iconic collection of businesses and franchises, Disney will be able to provide more appealing high-quality content and entertainment options to meet growing consumer demand; increase its international footprint; and expand its direct-to-consumer offerings, which include ESPN+ for sports fans, the highly-anticipated Disney+ streaming video-on-demand service launching in late 2019; and Disney and 21st Century Fox’s combined ownership stake in Hulu,” the company said in a statement.