Walt Disney buys 21st Century Fox assets for $52 bn

Buying Fox's movie studio will give Disney the rights to make movies based on the X-Men comic books

Walt Disney Co agreed to a $52.4-billion deal to acquire much of the global empire that media baron Rupert Murdoch assembled over three decades, from a fabled Hollywood studio to Europe’s largest satellite-TV provider to one of India’s most-watched channels.

Holders of Murdoch’s 21st Century Fox Inc will get 0.2745 Disney share for each Fox share, for assets including the movie and TV production house, a 39 per cent stake in Sky Plc, Star India, and a lineup of pay-TV channels that include FX and National Geographic, the companies said in statements Thursday. The price amounts to about $29.54 a