At 12:02 a.m. Eastern Time on March 20, 2019, The Walt Disney Company’s $71.3 billion acquisition of Twenty-First Century Fox will be complete. Disney has released an official statement to commemorate the occasion:
“This is an extraordinary and historic moment for us – one that will create significant long-term value for our company and our shareholders,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “Combining Disney’s and 21st Century Fox’s wealth of creative content and proven talent creates the preeminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era.”
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