The Disney Twenty-First Century Fox merger just got confirmed

Rupert Murdoch dismisses Fox News sexual harassment allegations as 'largely political'

Disney has officially transformed itself into a media powerhouse with the news on Thursday that the company has acquired most of Fox in a $54.2 billion deal. The all-stock deal is another milestone achieved by Disney head Bob Iger, who now includes this deal along with his acquisition of both Marvel and Lucasfilm to his legacy will stay with the company until 2021 to see this complicated integration through.

The sports networks include the YES Network in New York, Prime Ticket and Fox Sports West in Los Angeles, and networks that carry 44 professional teams in Major League Baseball, the National Basketball Association and the NHL.

Disney will pay about $28 a share in an all-stock deal for Fox businesses including a movie studio, cable channels and global assets. For its part, Disney is adding even more prime entertainment assets to an already swollen portfolio as it battles upstart streaming services that have undercut the traditional cable subscription model.

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Immediately before the acquisition, Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, its sports channels FS1, FS2 and the Big Ten Network into a newly listed company that it will spin off to its shareholders.

The prediction was also noted on November 6, when news of the merger talks first surfaced, by various fans who tweeted screen shoots of "The Simpsons" sign. 21st Century Fox shareholders will receive 0.2745 Disney shares for each 21st Century Fox share they hold under the deal. And he hinted at a future role in the combined entity for 21st Century Fox CEO James Murdoch. Fox has a large reach in overseas markets which would make distribution to countries like India, Germany and the United Kingdom much easier for Disney. The company also gains a controlling stake in Hulu. Just as well, the deal needs to be approved by regulators in the U.S. and overseas, given the global reach this buy out will give Disney.

"And during that period of time, he and I will continue to discuss whether there is a role for him here or not". "Furthermore, I'm convinced that this combination, under Bob Iger's leadership, will be one of the greatest companies in the world". He also said that Disney will of course be "flowing more content in Hulu's direction" now that it owns a controlling 39 percent majority stake, but he seemed more exited by the reality that Disney now has essentially final say in terms of Hulu product decisions.

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