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Walt Disney Set To Acquire 21st Century Fox In A $52.4 Billion Deal

Walt Disney company is set to buy 21st century fox assets From Rupert Murdoch’s empire, for $52.4 billion ( about N18.9 trillion)

The announcement was made on Thursday,which Disney said is their  boldest acquisition yet.

Walt Disney will be in possession of 21st Century Fox movie and other sports and entertainment assets, which include; the studios that produce the blockbuster Marvel superhero pictures and the “Avatar” franchise, as well as hit TV shows such as “The Simpsons”.

However, Walt Disney would assume about $14 billion in debt resulting in a total deal value of about $66 billion, while Fox shareholders would make up about 25% of the bulked-up Disney, if regulators approve it.

This  deal is seen a historic union of two Hollywood heavyweights

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