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20th March D-day for Disney/Fox deal

Deal sees Disney acquiring most of 21st Century Fox

Disney’s $71.3 billion acquisition of 21st Century Fox is set to close at 12:02am EST on Wednesday 20th March, the company has announced.

Fox is expected to distribute “all issued and outstanding shares” to its stockholders on 19th March, with the new company (including Fox News and the Fox broadcast network) operating separately after the deal closes.

The deal sees Disney acquiring most of Fox, including the film and TV studio, FX, National Geographic, and an additional 30 percent stake in Hulu (bringing Disney’s stake to 60 per cent).

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