![Disney buys Fox TV, film studios](https://cdnph.upi.com/svc/sv/upi/9541513254241/2017/1/7dca56d709692cd5cb71060ecbdc39d5/Disney-buys-Fox-TV-film-studios-as-part-of-major-52B-deal.jpg)
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.