Disney's $71.3B Acquisition of 21st Century Fox Is Complete

Credit: Newsy Studio
Published on March 20, 2019 - Duration: 01:10s

Disney's $71.3B Acquisition of 21st Century Fox Is Complete

Under the terms of the deal, The Walt Disney Co.

Now owns Fox's film and television studios.

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Disney's $71.3B Acquisition of 21st Century Fox Is Complete

The House of Mouse just got a whole lot larger.

As of 12:02 Wednesday morning, the Walt Disney Co.'s $71.3 billion acquisition of most of 21st Century Fox  is complete .

Under  the terms of the deal , which was first announced in late 2017, Disney now owns Fox's film and television studios.

This means Disney now has the rights to Marvel properties like "Deadpool" and "X-Men," and TV series produced and distributed by Fox like "This Is Us" and "The Simpsons." Disney also acquired Fox's FX and National Geographic cable channels and Fox's interest in Hulu.

That means Disney now has a controlling 60 percent interest in the streaming service.

Disney also now owns 21st Century Fox's 22 regional sports networks, but it'll be  selling those off  as part of an agreement with the Justice Department.

There are some parts of Fox that aren't covered under the deal — such as the Fox News Channel, local Fox stations and the Fox broadcast network.

Those assets will now be housed under a new company  called Fox Corporation .

Additional reporting from  Newsy affiliate CNN .

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