Disney's Acquisition of 21st Century Fox: Deadpool, X-Men And Avatar Now Are Under Disney's Ownership!

Rena Quynh |Mar 23, 2019

After buying 21st Century Fox, Deadpool, X-Men And Avatar are come under Disney's umbrella.

Disney has reached the deal to buy 21st Century Fox, which means from now on, Disney will have the full control over 21st Century Fox’s famous blockbusters DeadpoolX-Men and Avatar.

Photo credit: Unilad.co.uk

According to report, Disney has refunded money to Fox shareholders; each shareholder will receive $38 per share and stock will be calculated based on the total amount of cost to merge two companies, $73 billion. Besides, Disney also spent $343 million to issue new shares to Fox shareholders.

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Here are the details of the deal:

"Twenty-First Century Fox, Inc. (“21CF”) (NASDAQ: TFCFA, TFCF) announced that it has today completed the distribution of all issued and outstanding shares of Fox Corporation (“FOX”) common stock to 21CF stockholders (other than holders of the shares held by subsidiaries of 21CF) on a pro rata basis (the “Distribution”).

21CF and FOX are now each a standalone, publicly traded company. FOX Class A common stock and FOX Class B common stock is now listed on the Nasdaq Global Select Market (“Nasdaq”) under the symbols “FOXA” and “FOX,” respectively.

21CF Class A common stock and 21CF Class B common stock, which were formerly listed on Nasdaq under the symbols “FOXA” and “FOX,” respectively, are now listed on Nasdaq under the symbols “TFCFA” and “TFCF,” respectively.

The Walt Disney Company’s (“Disney”) acquisition of 21CF will become effective at 12:02 a.m. Eastern Time tomorrow, March 20, 2019."

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Here is Moffett Nathanson’s detailed analysis of Disney’s power in its acquisition of Fox:

"Disney is a brand, not a name of a corporate holding company, and has clear, well defined and widely embraced brand strengths plus an undeniable track record of producing excellent content,

The company has historically taken big swings… and won over the past few decades. From building theme parks around the world to acquiring Pixar et al., Disney has continually invested for long-term growth and sustainability.

While Disney+ doesn’t have a paying subscriber yet, the company will own an unrivalled film and TV library, multiple mass marketing vehicles to activate consumer interest and a technology platform in BAMTech that seems to be ready to go."

The Hollywood Reporters shares that the implications of this merger will be huge because there will be about 4,000 people being at risk of unemployment.


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