21st Century Fox Announces Disney’s $71 Billion Acquisition

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It’s been over a year since news broke that Disney was in talks to acquire 21st Century Fox. This morning, 21st Century Fox announced that it had finalised its restructuring of parent company, Fox Corporation, and that the acquisition will officially go into effect on March 20th at 12:02 a.m. ET.

Per the agreement that was announced in December 2017, starting tomorrow, Disney will obtain 21st Century Fox’s movie and TV studios, along with all associated intellectual property. Notably, this means that the House of Mouse has gained the rights to a number of major franchises, including Avatar, Alien, Planet of the ApesThe SimpsonsThe X-Files, Die Hard, and Predator. What’s more, it finally brings all of Marvel Comics’ characters back under one roof as X-MenFantastic Four, and Deadpool will now belong to Marvel Studios.

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