The Walt Disney Company will acquire 21st Century Fox’s film and television studios, cable entertainment networks and international TV businesses. The parts that will split off and not be a part of the Walt Disney company include Fox Broadcasting network and stations, Fox News and Fox Business.
The deal was made for $52.4 billion in stock, Disney announced.
The acquisition will be subject to federal approval.
This is a developing story. Check back for updates.
The Walt Disney Company is the parent company of this station.