Walt Disney is closing in on the entertainment assets of Rupert Murdoch’s 21st Century Fox in an all-share deal that stands to reshape Hollywood and the rapidly digitising global media industry.
The deal, valuing the Fox assets at about $60bn including debt, could be announced as early as Thursday, according to people briefed on the negotiations.
It would see Disney add 20th Century Fox, home to the Avatar and X-Men film franchises, to its own studio, as well as international pay-television brands from Sky in the UK to Star in India, regional US sports networks and Fox’s stake in the Hulu digital streaming service.
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