FLASH: Disney, Fox Deal Made $52.4-B 

FLASH: Disney, Fox Deal Made $52.4-B 

FLASH :Disney, Fox Deal Made $52.4-B

$DIS, $FOXA

Walt Disney Co. agreed to a $52.4-B deal to acquire much of the global empire that media baron Rupert Murdoch assembled over three decades, from a fabled Hollywood studio to Europe’s largest satellite-TV provider to one of India’s most-watched channels.

Holders of Murdoch’s 21st Century Fox Inc. (NASDAQ:FOXA) will get 0.2745 Disney (NYSE:DIS) share for each Fox share, for assets including the movie and TV production house, a 39% stake in Sky Plc, Star India, and a lineup of pay-TV channels that include FX and National Geographic, the companies said in statements Thursday.

The price amounts to about 29.54/share, based on Disney’s closing price Wednesday

The deal announced Thursday, will end more than 50 years of expansion by Rupert Murdoch, 86 anni, who turned 1 Australian newspaper he inherited from his father at age 21 into one of the world’s most important global news and film conglomerates.

The $75-B+ pact will see Disney acquire Key entertainment and sports assets from 21st Century Fox, including its film and TV studio.

Fox shareholders would hold 25% of the New Disney.

But there is not expected to be an announcement regarding the management of the new company, the sources said.

The FT also said Disney-Fox talks about the price were continuing.

A spokesman for Fox declined comment.

A Disney spokeswoman did not immediately respond to a request for comment.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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