Disney Buying 21st Century Fox

posted by Kat -

On Thursday, Disney announced that it was buying 21st Century Fox from  the Murdoch family for approximately $52.4 billion in stock. 

But lest  you think the Mouse will strip FOX News of its conservative venom, that  channel—as well as FOX Business Network, FOX Sports and the Big Ten  Network—is being spun off prior to the merger. What will remain for  Disney to gobble up will be Twentieth Century Fox, Fox Searchlight  Pictures and Fox 2000, which the AP notes are the homes of Avatar,X-Men, Fantastic Four, and Deadpool,  among other film properties. 

On the television side, Disney will get  Twentieth Century Fox Television, FX Productions and Fox21, with shows  including The Simpsons and Modern Family.

Source:  AP

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