After many weeks of rumors, Disney oficially announced the acquisition of 21st Century Fox.
The Walt Disney Company explained the negotiation:
Acquisition complements and enhances The Walt Disney Company’s ability to provide consumers around the world with more appealing content and entertainment options
Transaction to include 21st Century Fox’s film and television studios, cable entertainment networks and international TV businesses
Popular entertainment properties including X-Men, Avatar, The Simpsons, FX Networks and National Geographic to join Disney’s portfolio
Expands Disney’s direct-to-consumer offerings with addition of 21st Century Fox’s entertainment content, capabilities in the Americas, Europe and Asia; Hulu stake becomes a controlling interest
Addition of extensive international properties, including Star in India and Fox’s 39% ownership of Sky across Europe, enhances Disney’s position as a truly global entertainment company with world-class offerings in key regions
Robert A. Iger to remain Chairman and CEO of The Walt Disney Company through 2021
I still need to see how this decision shapes up, but there’s no doubt that Iger wants to consolidate the Disney company as a solid entertainment corporation in every single sense of the word.
Source: The Walt Disney Company