Disney Owns 21st Century Fox

Disney officially owns 21st Century Fox as of Wednesday 12:02 AM EST. Cost? $71.3 billion.

Disney acquired Deadpool and Fox-owned Marvel characters, such as the X-Men, completing their Marvel collection. They also have an additional 30% ownership of Hulu, totaling 60% of shares.

Fox is now a stand-alone company and only owns Fox News Channel, Fox Business Network, and Fox Sports.

Bad news: Thousands of people might lose their jobs as Disney consolidates their subsidiaries.

Image Source: Bleeding Fool

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Disney Owns 21st Century Fox

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