The Walt Disney Company’s acquisition of 21st Century Fox will become effective at 12:02 am ET, March 20, 2019.
The Walt Disney Company has announced plans for a new organisational structure for its Media Networks segment, conditional upon closing of the 21st Century Fox transaction.
Comcast is to be the new owner of Sky after the US cablenet outbid 21st Century Fox in an auction for the broadcaster.
The US Justice Department has given its approval for Disney to purchase the bulk of 21st Century Fox’s assets.
Comcast has made clear its intentions for 21st Century Fox by tabling a $65 billion bid for the majority of the Murdoch company’s assets including Sky.
Anticipating Brexit, Viacom International Media Networks (VIMN) and Viceland have started moving their broadcast licences from the UK.
21st Century Fox has told the Competition and Markets Authority (CMA) that it intends to double its commitment to Sky News from five to ten years.
21st Century Fox remains confident that it can secure control of Sky, despite a ruling from the UK Competition and Markets Authority that the deal would be against the public interest.
The Walt Disney Company and 21st Century Fox have entered into a definitive agreement for Disney to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for approximately $52.4 billion in stock.
Talks between Rupert Murdoch’s 21st Century Fox and Walt Disney over a possible purchase of the bulk of the company’s interests are reportedly back on.