Thursday, December 14, 2017

Disney Has Announced A Deal To Buy 21st Century Fox In A Deal Worth Around $66B, Includes Hulu Stake

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Walt Disney has announced a deal to buy a big portion of 21st Century Fox, in a deal worth around $66B made up of $52.4B in stock and an estimated $13.7B in net debt.

The purchase excludes Fox News, Fox Business, and Fox Sports but includes all of the entertainment assets including Fox’s 30% stake in Hulu. Coupled with Disney’s existing 30% share in Hulu, that gives Walt Disney a controlling interest of 60% in Hulu.

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