In spite of regulatory hurdles and anticompetetive accusations, The Walt Disney Company completed
of Fox yesterday. Disney themselves value the deal at about $71 Billion, and say they expect to make at least $2 billion from it by 2021. As we've noted before
, the deal could have a significant impact on Hulu, as Disney is now a majority shareholder in the company with a 60% stake, while Comcast only owns 30% and AT&T owns
a non-voting 10%. Some might expect Disney's competitors (and their shareholders) to be worried about the portfolio
they've amassed, but Netflix's stock price actually rose 5%
in the wake of the merge, while Disney's was relatively flat.
Posted by alphaatlas
9:06 AM (CDT)
The acquisition includes 21st Century Fox's renowned film production businesses, including Twentieth Century Fox, Fox Searchlight Pictures, Fox 2000 Pictures, Fox Family and Fox Animation; Fox's television creative units, Twentieth Century Fox Television, FX Productions and Fox21; FX Networks; National Geographic Partners; Fox Networks Group International; Star India; and Fox's interests in Hulu, Tata Sky and Endemol Shine Group. Disney and 21st Century Fox entered into a consent decree with the U.S. Department of Justice last year under which Disney will divest 21st Century Fox's Regional Sports Networks. Earlier today, 21st Century Fox completed the spin-off of a portfolio of 21st Century Fox's news, sports and broadcast businesses, including the FOX News Channel, FOX Business Network, FOX Broadcasting Company, FOX Sports, FOX Television Stations Group, and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network, and certain other assets and liabilities, into Fox Corporation.