The remainings assets Disney didn’t purchase, such as Fox News and Fox Sports, will be formed into a new, much smaller company.
The Disney Fox deal is inching ever nearer to becoming a reality.
Comcast attempted to outbid Disney for the majority of 21st Century Fox’s assets several months ago, which forced Disney to up their bid.
U.S. antitrust regulators approved the deal in June, under the condition that Disney sell off a host of regional sports networks they are set to acquire from Fox as part of the deal.