Disney's Acquisition of 21st Century Fox Set to Close on March 20


It added that with no extension, the full acquisition or turnover will be effective at exactly 12:02 a.m. "Eastern Time on March 20, 2019", Disney said in a regulatory filing.

The 71 billion US dollars deal gives Disney the prized 20th Century Fox studios and other media production units.

Mexican regulators have given the final sign-off to Disney's $73.1 billion merger with the assets of 21st Century Fox, clearing the way for the companies to complete the deal by March 20.

That meant ensuring a separation of licensing and provision between Fox's National Geographic and Nat Geo Wild channels, and the A&E, History, H2 and Lifetime networks of Disney, the IFT said.

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21st Century Fox shareholders will receive a mix of cash and stock in the industry-changing transaction.

The transaction includes 21st Century Fox's film and television studios, cable entertainment networks and worldwide TV businesses, which brought popular entertainment properties including X-Men, Avatar, The Simpsons, FX Networks and National Geographic to Disney's portfolio.

Also part of the 21st Century Fox acquisition are its storied television creative units, Twentieth Century Fox Television, FX Productions and Fox21, which have brought The Americans, This Is Us, Modern Family, The Simpsons and so many more hit TV series to viewers across the globe.

It's been a very busy year for Walt Disney Studios' Alan Horn. And even after it is all said and done, it will still be a while before Fox's properties can fall under the Disney umbrella. Dana Walden, who has led Fox's television studio for two decades, will become head of Disney Television Studios and ABC Entertainment. The Fox executives will report to Disney Studios Chairman Alan Horn.