Disney Completes $71 Billion Acquisition of 21st Century Fox
Last week, it became official. The Disney-Fox deal is now a done deal with The Walt Disney Company (NYSE: DIS) completing its acquisition of Rupert Murdoch’s 21st Century Fox for a cool $71 billion. In a news release, Disney called this the “unprecedented collection of high-quality creative content, stellar talent and cutting-edge technologies” that will allow the company to expedite its direct-to-consumer (DTC) streaming strategy and expand its presence to new audiences. It’s DTC offerings include ESPN+, ownership in Hulu and Disney +, its yet-to-be-launched streaming video-on-demand service coming later this year.
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