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Closing Date Revealed For Mouse House's Fox Take

15 March 2019

Disney's purchase of the Fox assets - first unveiled in December 2017 - will likely transform the Burbank company into an entertainment Goliath, towering over its traditional competitors.

Per Deadline, Disney has locked in a March 20th closing date for the acquisition.

Disney on Tuesday announced a timetable for staging various components of the complicated deal, including financing and exchange offers. According to the report Disney made the announcement in a release, in which they revealed that they had received the final required approval from regulators in Mexico.

That new company will include the Fox Broadcast Network, Fox Sports, and Fox News Channel.

In addition, Disney is also receiving 21st Century Fox's investment in Hulu, giving them the majority stake in the streaming platform.

Disney's historic takeover of large parts of 21st Century Fox is expected to be complete next week.

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Adam Bankhurst is a news writer for IGN who offered $20 for 21st Century Fox but was turned down, sadly.

The process has taken almost two years to close.

In a letter to investors Disney said that the acquisition "is expected to become effective at 12:02 a.m".

On the downside, the merging of the two leading entertainment firms in Hollywood will lead to massive layoffs. Like with Brazil last month, the main sticking point was Disney's putative ownership of Fox Sports given the importance of soccer rights; the combination of Fox and Disney's ESPN was also viewed warily by regulators in the USA and Europe, with major agencies there requiring divestitures.

Disney has already said it would bring over several key Fox executives to run important operations, including Walt Disney Television.

Closing Date Revealed For Mouse House's Fox Take