The Disney-Fox Acquisition Will Close on March 20, Disney Announces

/Film | 3/12/2019 | Hoai-Tran Bui
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Disney’s acquisition of Fox is finally coming to fruition. The Walt Disney Company has set the Disney-Fox acquisition closing date for March 20, 2019, nearly two years after the historic multi-billion dollar deal was first announced.

Deadline reports that Disney has set a March 20 closing date for its acquisition of key entertainment assets from 21st Century Fox in a $71.3 billion transaction. The date was included in a release in which Disney indicated that it had received the last major share approval for the deal from regulators in Mexico.

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According to Disney, the acquisition is expected to become effective at 12:02 a.m. EST on March 20, 2019. 21st Century Fox shareholders will have until Thursday to choose the amount of cash and Disney stock to receive, valued at $38 a share in the deal.

In December 2017, this acquisition looked like it might happen for $52.4 billion — even then, a price tag that was considered unprecedented in a questionably legal deal. But eventually the price was driven all the way up to a massive $71.3 billion. Disney ultimately received...
(Excerpt) Read more at: /Film
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