Walt Disney to buy Murdoch’s Fox for $52bn

Walt Disney is buying most of 21st Century Fox’s entertainment assets for $52.4 billion in stock. If regulators approve, it will be a landmark deal with far reaching impact on the media landscape. It will consolidate Disney’s position as the world’s largest media company. The deal includes Fox’s movie studios, network Nat Geo, Asian pay-TV operator Star TV, stakes in Sky and Hulu. Fox’s remaining assets, including Fox News and Sports, will form a new company. Fox , controlled by Rupert Murdoch and his family, has been planning to shed dead weight in its entertainment divisions to focus more on the profitable news, sports, and business segments.