The purchase was lower than the $75 billion reported by Reuters earlier.
As part of
the deal, Disney will assume over $13 billion of Fox’s debt and Disney CEO Bob
Iger will stay on until at least 2021.
In addition to acquiring Fox’s
movie and television studio, Disney will also assume control of the Sky
television network in the U.K. and the National Geographic and FX cable
channels. Disney will also acquire Fox’s stake in streaming service Hulu, reports CNBC.
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