Disney completes $71B acquisition of much of Fox entertainment

House Speaker Paul Ryan of Wis. speaks to the National Press Club Monday Oct. 8 2018 in Washington

AP House Speaker Paul Ryan of Wis. speaks to the National Press Club Monday Oct. 8 2018 in Washington

Today, the slimmed-down, TV-centric concern officially known as Fox Corp. began trading on the NASDAQ, slipping 3% in its first outing.

Hours before their asset combination closes, Disney and Fox released the per-share value of the deal and offered a final blessing by Disney CEO Bob Iger, who called the deal "an extraordinary and historic moment for us".

With this deal, Disney will receive an impressive volume of properties from 21st Century Fox, including the X-Men, The Fantastic Four and Deadpool, each a popular facet of the Marvel comic book canon.

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In a statement, company co-chairman Lachlan Murdoch said, "we are thrilled to welcome our new colleagues".

Disney was still informing some senior 21st Century Fox employees of their status with the new company as late as Monday. With that in mind, ComingSoon.net is asking its readers which one of the major 20th Century Fox movie franchises they would like to see Disney prioritize once they gain ownership.

Disney won a bidding war previous year against cable company Comcast Corp to acquire Twenty-First Century's film and TV assets.

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Disney won a bidding war in 2018 against cable giant Comcast to acquire the assets. Reuters reported the newly spun-off media company will house assets including the Fox News channel. "With a growing number of viewers watching scripted dramas and comedies on a delayed basis, Fox is seeking to have more commercials that reach consumers with greater immediacy", according to James' report.

"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".

Did you know that Disney owned all of these companies? "In other words, we would expect more shows like "The Masked Singer" and less programs like "Empire" in the years ahead".

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