Disney-Fox Deal To Change Media Industry: ETF In Focus
Zacks Investment Research | Dec 14, 2017 10:11PM ET
Rumors that The Walt Disney Company (NYSE:DIS) will acquire most of the film and TV business of Twenty-First Century Fox (NASDAQ:FOXA) , has finally turned true. The takeover has been signed at $52.4 billion in an all-stock deal.
Under the terms of the deal, Fox stockholders will receive 0.2745 Disney shares for each share held. Fox shareholders will be granted a 25% stake in Disney, and Disney CEO Bob Iger will remain in charge through at least 2021. Disney will assume roughly $13.7 billion of 21st Century Fox’s debt, bringing the total value of the planned transaction to $66.1 billion. The transaction, pending regulatory approval, is expected to complete in 12 to 18 months (read: Zacks Investment Research
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