The universal Disney Company has completed its $ 71bn takeover of 21st Century Fox . The company will absorb universal 's cable and TV assets and networks , including FX and National Geographic , through the deal . The acquisition forms part of a plan by the company to launch a new universal Plus streaming service which aims to compete with the likes of apple 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.