Disney Buying Large Part of 21st Century Fox in $52.4B Deal

Disney is buying a large part of the Murdoch family's 21st Century Fox in a $52.4 billion deal announced on 14 December 2017.

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Image via AP Photo/Richard Drew, File

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

NEW YORK (AP) — Disney is buying a large part of the Murdoch family’s 21st Century Fox for about $52.4 billion in stock, including film and television studios and cable and international TV businesses, as it tries to meet competition from technology companies in the entertainment business. The deal gives Disney film businesses including Twentieth Century Fox, Fox Searchlight Pictures and Fox 2000, which together are the homes of Avatar, X-Men, Fantastic Four and Deadpool.…

Read at AP News