Disney to Acquire 21st Century Fox

Fox and Disney
Fox and Disney

Rupert Murdoch is selling off his empire and entrusting 21st Century Fox to Walt Disney. The entertainment company is being sold for an immense 66 billion dollars.

Disney will own an incomprehensible number of films and entertainment, previously the property of Fox, ranging from Avatar to The Simpsons.

The deal is expected to take over a year to close, with Disney chairman Bob Igor extending his contract until the end of 2021, in order to oversee the integration of assets.

Regulators are yet to approve the sale, but if the deal goes through it will undoubtedly transform the global media landscape.

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Elena Webster is recent graduate of RMIT, with a Bachelor of Communications (Journalism). She loves all things media, from writing features articles to creating and editing video. She is a voracious reader and an exaggerated storyteller. As the loudest person in most social settings, Elena loves to network and meet new people. She has also worked overseas and met an odd collection of people through her travel. Elena is fascinated by pop culture and can’t remember how life used to be before video streaming platforms.