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Walt Disney to buy 21st Century Fox's entertainment assets

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Walt Disney says it is to buy 21st Century Fox's entertainment assets - Murdoch's Fox for $52.4bn (£39bn). Disney announced that the deal included Fox's 39% stake in satellite broadcaster Sky and the 20th Century Fox film studio.

Fox's remaining assets, including news and sports, will form a new company. The deal ends more than half a century of media expansion by Mr Murdoch, who is 86 years old.
* The story is being updated
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