Disney-Fox mega-deal set to close March 20

Disney Acquisition of 21st Century Fox to Close on March 20

Disney Acquisition of 21st Century Fox to Close on March 20

It also vastly reduces the empire of media mogul Rupert Murdoch and his family, who are planning a "new Fox" that includes the US broadcast network and the Fox News Channel.

Mexican regulators have given the final sign-off to Disney's $73.1 billion merger with the assets of 21st Century Fox, clearing the way for the companies to complete the deal by March 20.

Adam Bankhurst is a news writer for IGN who offered $20 for 21st Century Fox but was turned down, sadly.

Disney's announcement highlighted that 21 Century Fox shareholders will have until Thursday to choose the amount of cash and Disney stock to receive from the transaction.

The transaction includes 21st Century Fox's film and television studios, cable entertainment networks and global TV businesses, which brought popular entertainment properties including X-Men, Avatar, The Simpsons, FX Networks and National Geographic to Disney's portfolio.

Combining with Disney are 21st Century Fox's critically-acclaimed film production businesses, including Twentieth Century Fox, Fox Searchlight Pictures and Fox 2000, which together offer diverse and compelling storytelling businesses and are the homes of Avatar, X-Men, Fantastic Four and Deadpool, as well as The Grand Budapest Hotel, Hidden Figures, Gone Girl, The Shape of Water and The Martian.

Analysts expect that Disney will lay off at least 5,000 people - some on the Fox side, others on the Disney side - as a result of consolidation.

Disney has already said it would bring over several key Fox executives to run important operations, including Walt Disney Television. Above all, Disney's ownership of both ESPN and Fox Sports would create a concentration that would leave Grupo Televisa as the only remaining competitor in that market.

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