20 Mar – As of 12:02 a.m. ET. 20 March 2019 in the East Coast of USA, 21st Century Fox will be fully acquired by Disney.
More than a year since it was first announced in late 2017 that Disney will be acquiring Fox, the deal will finally be sealed when the USD71 billion acquisition is completed today.
"Combining Disney's and 21st Century Fox's wealth of creative content and proven talent creates the preeminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era," said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company, in a press statement.
The press release reveals that Disney will acquire USD19.8 billion of cash and assume approximately USD19.2 billion of debt of 21st Century Fox.