The Walt Disney Company has completed its $71bn takeover of Wednesday. The company will absorb Fox's film and TV studios and networks, including FX and National Geographic, through the deal. The acquisition forms part of a plan by the company to launch a new Disney Plus streaming service which aims to compete with the likes of Netflix and Amazon in the near future.
The Walt Disney Company has completed its $71bn takeover of 21st Century Fox. The company will absorb Fox's film and TV studios and networks, including FX and National Geographic, through the deal. The acquisition forms part of a plan by the company to launch a new Disney Plus streaming service which aims to compete with the likes of Netflix and Amazon in the near future.