The acquisition of 21st Century Fox by Disney is expected to be completed next week

By Adam Bankhurst

The acquisition of 21st Century Fox by Disney, for $ 71.3 billion, is expected to be finalized next week.

Announced by Disney and Fox, the acquisition, which was announced for the first time in late 2017, should officially close on March 20, 2019 at 00:02.

The news arrived at the same time as the deadline for stockholders of 21st Century Fox's common stock to choose the form of consideration they would like to receive in anticipation of closing.

As mentioned earlier, the acquisition had been announced in 2017 for a price of $ 52.4 billion. However, Comcast launched a bidding war that raised the purchase price to $ 71.3 billion in cash and stock.

The acquisition covers most of Fox's properties, including X-Men and the Simpsons, but does not include news, sports, broadcast or studio.

As for how Disney will manage his new properties, he confirmed that Marvel would take control of X-Men and that Kevin Feige would supervise him, but that Fox intended to keep The Simpson in "the future." predictable".

To learn more, you can read how we think this makes Disney the most powerful motion picture studio in the world and what this acquisition could mean for television, especially with Disney's upcoming launch of its streaming, Disney +.

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Adam Bankhurst is an IGN journalist who donated $ 20 for 21st Century Fox, but was unfortunately turned down. You can follow him on Twitter @ AdamBankhurst.