Walt Disney has announced a deal to buy most of 21st Century Fox in a deal worth around $66B, made up of $52.4B in stock and about $13.7B in net debt.

The purchase excludes Fox News, Fox Business and Fox Sports, but includes all of the entertainment assets, including Fox’s 30% stake in Hulu. Coupled to Disney’s existing 30% share, that would give the company a controlling interest …

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Author: Ben Lovejoy

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