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Disney Buys 20th Century Fox -

On March 20, 2019, finalized its acquisition of the majority of 21st Century Fox's entertainment assets for $71.3 billion . This landmark merger reduced Hollywood’s "Big Six" major studios to the "Big Five" and was a central pillar in Disney's strategy to dominate the global streaming market. 📊 Key Financial Details

A higher offer from Comcast ($65 billion) forced Disney to increase its bid to the final $71.3 billion amount.

Disney assumed roughly $19.2 billion of 21st Century Fox's existing debt.

Disney paid approximately $71.3 billion in a 50/50 cash and stock deal.

The deal was first announced in December 2017 at $52.4 billion .

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