The Walt Disney Company and Twenty-First Century Fox, Inc. today announced that they have entered into a definitive agreement for Disney to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for approximately $52.4 billion in stock (subject to adjustment).
Under the terms of the agreement, shareholders of 21st Century Fox will receive 0.2745 Disney shares for each 21st Century Fox share they hold.
Disney and Fox finalize a deal for Fox’s movie and TV assets, with the Mouse House gaining the rights to franchises like X-Men and Avatar.
Disney will also assume approximately $13.7 billion of net debt of 21st Century Fox.