Walt Disney will buy out 21st Century Fox for $71 billion

Company Walt Disney and 21st Century Fox merged. The U.S. Department of justice has officially approved the deal. Finally, the merger of media giant will be completed by the middle of summer 2019. This was confirmed as Disney and Fox.

«We are very pleased that the shareholders have decided to take this step, and assured the acquisition of major assets of the company Fox enables us to work long and productively, — said the President and CEO of the Walt Disney Company Robert iger. We are grateful to Rupert Murdoch and other executives of 21st Century Fox for believing in the future of the [Union] of these two great companies and look forward to the birth of new stars of the film industry that will create great entertainment content».

Rupert Murdoch, the Executive Director 21st Century Fox, was also pleased with the deal, however, in his speech laid emphasis on the business component merge, noting that it is more than effective solution.

For ordinary viewers, the deal also did not go unnoticed: now his favorite characters can be transformed beyond recognition. The Walt Disney studios will soon get the rights to such well-known franchises like «X-Men«, «Deadpool» and «Fantastic four«. So fans will see Wolverine and Deadpool with the ones you love such characters as Spider-Man and Black Panther.

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For employees of companies star merger can result in reductions.

Source