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. Fox News Channel is expected to be a part of the new company, which will also include Sky Italia and pay for sports rights in Europe.
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.