Sorry Val
https://io9.gizmodo.com/the-disney-fox-deal-is-officially-complete-1833437912
As of 12:02 a.m ET today, the Walt Disney company officially took over the reins of much of 21st Century Fox, making the House of Mouse even more disconcertingly powerful than you can possibly imagine.
In a press release dropped
late last night, Disney confirmed that the
$71.3 billion deal which now grants it ownership of Fox’s film and TV assets—specifically (take a deep breath) Twentieth Century Fox, Fox Searchlight Pictures, Fox 2000 Pictures, Fox Family and Fox Animation; Fox’s TV’s creative units, Twentieth Century Fox Television, FX Productions and Fox21, FX Networks, National Geographic Partners, Fox Networks Group International, and Star India—as well as Fox’s 30 percent stake in Hulu, giving Walt Disney a 60 percent controlling stake in total, is complete. The process brings an end to
a saga that has developed over the past two years.
Disney CEO Bob Iger told staff in a memo acquired by the Hollywood Reporter
I wish I could tell you that the hardest part is behind us; that closing the deal was the finish line, rather than just the next milestone. What lies ahead is the challenging work of uniting our businesses to create a dynamic, global entertainment company with the content, the platforms, and the reach to deliver industry-defining experiences that will engage consumers around the world for generations to come.
We’ve spent the last year exploring the new opportunities and synergies generated by bringing our two legendary companies together. Leaders across both organizations have worked closely together to understand how to best unlock this potential and unleash innovation and creativity to generate long-term growth. We’re confident in our integration strategy and in our ability to execute it effectively; and we’re inspired and energized by the new possibilities.