Disney and Fox Confirm Massive Acquisition Deal for $52.4 Billion

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Disney and 21st Century Fox have announced a massive acquisition deal.

While Disney is acquiring a majority of 21st Century Fox’s assets at $52.4 billion in stocks, the real meat of the deal are the rights to various big franchises like X-Men, Avatar, The Simpsons, and more. Disney is also getting 30% stake in Hulu, raising their total stake in the company to 60%.

“We’re excited about this extraordinary opportunity to significantly increase our portfolio of well-loved franchises and branded content to greatly enhance our growing direct-to-consumer offerings,” Disney CEO Bob Iger said in a statement.

This acquisition further cements the Walt Disney Company as one of if not the biggest media corporation on the planet – which brings lots of concerns when it comes to monopoly-type scenarios. But hey – now you can get your X-Men stuff in your Marvel stuff, so I guess that’s totally cool and worth it.

What are your thoughts on the Disney-Fox acquisition? Is Disney becoming too stronk for their own good? Sound off in the comments below!

Brandon Orselli

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Big Papa Overlord at Niche Gamer. Italian. Dad. Outlaw fighting for a better game industry. I also write about music, food, & beer. Also an IT guy.