After more than a year of working to get final approval, Disney’s lengthy process of acquiring 21st Century Fox is finally done.
The merger went through at 12:02 am ET, giving Disney full control over a number of 21st Century Fox entities including the company’s entire movie studio division, its 30 percent stake in streaming service Hulu, and the Fox Television Group. The acquisition received final approval from antitrust regulators around the world in recent months. Despite the acquisition, Fox Corp. will retain its independence, and entities like Fox News and Fox Sports in the United States.
“This is an extraordinary and historic moment for us — one that will create significant long-term value for our company and our shareholders,”…
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