Friday, March 5, 2021

Walt Disney closes Fox’s $ 71.3 billion acquisition

Featured

Joe Biden: “We will never acknowledge Russia’s annexation of Crimea”

US President Joe Biden said: "We will never recognize Russia's annexation of Crimea, and we will stand by Ukraine...

Canada Approves AstraZeneca Vaccine

The Canadian Ministry of Health approved the "AstraZeneca" vaccine for the Coronavirus, which is the third vaccine to be...

Canada: E-Katchehries meant to accord Pak community due respect & recognition

The High Commission for Pakistan in Ottawa along with Consul Generals of Pakistan in Montreal, Toronto and Vancouver held...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

The American entertainment giant Walt Disney has completed the $ 71.3 billion acquisition of large parts of its 21st Century Fox rival on Wednesday. “This is an extraordinary and historic moment for us, which will create significant long-term value for our company and our shareholders,” announced Disney CEO Bob Iger.

- Advertisement -

Disney swallows through the acquisition, among others, the legendary film studio 20th Century Fox and various television channels Fox.

In addition, attractive investments such as the Star India network and the Hulu streaming service are changing hands. With this, the Hollywood giant is gearing up, not least for its planned attack on Netflix in the booming market for online television services.

However, Fox mogul Rupert Murdoch’s Fox group will only keep its flagship news Fox News and the biggest sports broadcasters split off into a new company.

The shareholders approved the takeover agreed in December 2017, which was delayed by a month-long bidding dispute between Disney and the cable company Comcast, in July 2018. The American antitrust authorities had previously given the green light.

- Advertisement -
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
- Advertisement -

Latest News

Joe Biden: “We will never acknowledge Russia’s annexation of Crimea”

US President Joe Biden said: "We will never recognize Russia's annexation of Crimea, and we will stand by Ukraine...

Canada Approves AstraZeneca Vaccine

The Canadian Ministry of Health approved the "AstraZeneca" vaccine for the Coronavirus, which is the third vaccine to be given the green light for...

Canada: E-Katchehries meant to accord Pak community due respect & recognition

The High Commission for Pakistan in Ottawa along with Consul Generals of Pakistan in Montreal, Toronto and Vancouver held an E-Katchehry with the members...

Equality policy: Global policy makers laud SBP’s effort to advance women’s financial inclusion through Banking

In December 2020, the State Bank of Pakistan launched its consultation process with different national and international stakeholders on its Banking on Equality Policy. A...

Hungary – First country in the European Union to use Chinese Sinopharm vaccine

Hungary began using the Chinese company "Sinopharm" vaccine against the emerging coronavirus, becoming the first country in the European Union to take this step. Hungarian...

Related News