Disney's US$71.3b acquisition of 21st Century Fox officially closed
The Fox Studios sign is pictured at the entrance to the lot, Tuesday, March 19, 2019, in Los Angeles.
Disney's US$71.3 billion acquisition of 21st Century Fox officially closed at 1202am Eastern Time (0402 GMT) Wednesday, marking the start of a new era in Hollywood.
By finalizing the acquisition, Disney is poised to strengthen its lead in US media and entertainment industry. The deal makes the California-based Mouse House to become the undisputed biggest of the five remaining Hollywood major studios.
The acquisition includes 21st Century Fox's renowned film production businesses, including Twentieth Century Fox, Fox Searchlight Pictures, Fox 2000 Pictures, Fox Family and Fox Animation; Fox's television creative units, Twentieth Century Fox Television, FX Productions and Fox21, FX Networks, National Geographic Partners, Fox Networks Group International, Star India, and Fox's interests in Hulu, Tata Sky and Endemol Shine Group.
