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Disney’s Acquisition of Fox Finalized

Disney’s Acquisition of Fox Finalized  According to Entertaiment Earth News the deal between Disney & 21st Century FOX is finally over after 1 year and 2 month BUT Disney & FOX still need to say the official announcement we predict on the final week...
According to Entertaiment Earth News the deal between Disney & 21st Century FOX is finally over after 1 year and 2 month BUT Disney  & FOX still need to say the official announcement we predict on the final week of January like it was stated a week ago 
Today, Twenty-First Century Fox shareholders got quite a surprise. Their stock election letter now has The Walt Disney Company letterhead (see below). This comes after initial reports that Disney’s $71.3 billion acquisition of Fox was near the end, followed by weeks of media silence.
Last year, Disney had already received conditional approvals from both the European Union and U.S. regulators. Back in July 2018, shareholders from both companies approved all proposals related to the acquisition, but no solid date was set for the close. Disney CEO Bob Iger previously stated that “it could take up to 12 months for the acquisition to close,” while President of Fox Peter Rice said to employees, ” The company will be logistically ready to close on Jan. 1.”
Based on the shareholder letter, earlier speculation about the January 1, 2019, date was more in line with the actual acquisition timeline. The Disney-Fox acquisition marks an incredible shift in the entertainment industry and there will definitely be more news about it in the coming months. Stay tuned.
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