The Walt Disney company officially took over the reins of the bulk of 21st Century Fox’s feature film production businesses and television creative units, ending a two-year saga that included a bidding war between Disney and Comcast for the company headed up by Robert Murdoch. The closing of the historic acquisition was announced in a press release from Disney confirming that the $71.3 billion deal which now grants it ownership of Fox’s film and TV assets -- including Twentieth Century Fox, Fox Searchlight Pictures, Fox 2000 Pictures, Fox Family and Fox Animation; Fox’s TV’s creative units, Twentieth Century Fox Television, FX Productions and Fox21, FX Networks, National Geographic Partners, Fox Networks Group International and Star India, as well as Fox’s 30 percent stake in Hulu -- is complete.
“This is an extraordinary and historic moment for us -- one that will create significant long-term value for our company and our shareholders,” Disney chairman and CEO Robert A. Iger said in a statement. “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.”
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