Disney buying large part of 21st Century Fox in $52.4B deal

Posted: December 14, 2017 at 7:08 a.m.

In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. Disney is buying a large part of the Murdoch family's 21st Century Fox in a $52.4 billion deal, announced Thursday, Dec. 14, including film and television studios, cable and international TV businesses as it tries to meet competition from technology companies in the entertainment business.

NEW YORK — Disney is buying a large part of the Murdoch family's 21st Century Fox for about $52.4 billion in stock, including film and television studios and cable and international TV businesses, as it tries to meet competition from technology companies in the entertainment business.

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