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Why Disney Spent $52 Billion to Acquire Most of 21st Century Fox

December 14, 2017

Via: Fortune

The Walt Disney Co. announced on Thursday that it would acquire much of, but not all of, 21st Century Fox Corp. in a long-rumored, $52.4 billion, all-stock deal that will shake Hollywood like an earthquake.

Disney, of course, is the company best known for Mickey Mouse, Pixar, and Marvel characters. Fox is known for the X-Men, Avatar, and The Simpsons, among many others. Pending regulatory approval, it is a marriage of two already large media giants as well as the combining of two of the “big six” storied film studios: Twentieth Century Fox (itself the combined entity of two classic studios) and Walt Disney Pictures.

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