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You are here News Domestic (USA) Disney buys Fox TV, film studios as part of major $52B deal

Disney buys Fox TV, film studios as part of major $52B deal

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Disney buys Fox TV, film studiosThe Walt Disney Company announced Thursday it will acquire entertainment assets from 21st Century Fox in a deal worth more than $52 billion in stock.

As part of the all-stock purchase, Disney will acquire the 20th Century Fox film and television conglomerate and assume nearly $14 billion in Fox debt.

The total value of 21st Century Fox's assets is estimated at $66.1 billion, Disney said.

Twenty-first Century Fox was established in 2013 in a spinoff venture by Australian businessman Rupert Murdoch's News Corporation.

Disney announced the major deal in a transaction call Thursday morning.

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