▲ Up
 akipress
14:48 16-07-2018
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
akipress
Walt Disney buys 21st Century Fox for $52bn
World | business | 10:03, 15 December 2017 | 848

AKIPRESS.COM - Walt Disney has agreed to buy the bulk of 21st Century Fox's business for $52.4bn (£39bn), in a deal both companies said position them to compete in the rapidly changing media industry, BBCreported.

The purchase includes Fox's film and television studios, as well as its 39% stake in satellite broadcaster Sky.

Fox will form a news-focused company with its remaining assets.

The move is a sharp shift for 86-year-old Fox owner Rupert Murdoch after more than half a century of media expansion.

Mr Murdoch turned a single Australian newspaper he inherited from his father at the age of 21 into one of the world's largest news and film empires.

He said the break-up makes sense amid new threats from online advertising and competitors who are streaming entertainment into homes via the internet.

Fox shareholders, who include the Murdochs, will get a 25% stake in the larger Disney.

"With today's announcement, we launch the next great leg of our journey," Rupert Murdoch said on Thursday in a call for investors.

He added later: "Are we retreating? Absolutely not."

LATEST NEWS
14:00 Speaker of Kazakh parliament calls FIFA World Cup in Russia best in history13:51 Bishkek court finds activist guilty, cancels punishment13:17 Kyrgyz wrestler wins gold at Grand Prix of Spain13:10 Central Asian Foreign Ministers to review progress of implementation of earlier reached agreements at Lake Issyk-Kul13:00 General Prosecutor’s Office launches criminal probe into purchase of equipment for State Historical Museum12:41 Ministry of Defense’s bus exploder arrested 22 years later in Tajikistan12:13 Trucks not allowed to use roads in Kyrgyzstan until Sept 1 in daytime when air temperature is above +28 degrees Centigrade12:05 Bishkek mayor Ibraimov not on wanted list, national security committee says11:52 International Economic Forum to open on July 21 in Cholpon-Ata11:49 Prime Ministers of Tajikistan and Uzbekistan to meet in Ferghana11:41 Kazakhstan’s retail sales exceed $12 billion in H1 201811:36 World Bank Vice President encourages Uzbekistan to maintain impressive pace and scope of reforms11:09 Kazakhstan and Uzbekistan to hold joint military exercises11:00 Trump and Putin to hold first summit talks10:51 Nazarbayev appoints new ambassador to Turkmenistan10:41 Woman fraudster in Uzbekistan pretends to be man in love with her neighbor to steal gold jewelry10:39 Renewable energy sources used for electricity supply in remote village of Kyrgyzstan10:05 Minor quake jolts Kyrgyzstan on July 1510:05 Afghanistan launched operation to destroy IS militants in province on border with Pakistan09:54 Chui region leads in industrial output
© AKIpress News Agency - 2001-2018. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06