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Disney buys 21st Century Fox for $52 billion as it prepares for war with Netflix and Amazon



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It’s an arms race, and every media company is involved.

Disney announced its much-anticipated acquisition of a big piece of 21st Century Fox for $52.4 billion in stock. 

The move gives Disney four important assets as the Mickey Mouse operation moves to compete with rivals including Netflix and Amazon. 

Here’s what Disney is buying:

  • 21st Century Fox movie studio

  • FX and National geographic cable channels and some regional sports channels

  • Fox’s stake in Hulu

  • Fox’s stake in European cable company Sky

What Disney is not buying: the FOX broadcast channel, Fox News, and some other smaller stuff like newspapers. Read more…

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