Disney Fox Merger Has Officially Been Completed - According To 21st Century FOX

Disney Fox Merger Has Officially Been Completed - According To 21st Century FOX

News of Ryan's appointment comes after Murdoch sold 21st Century Fox - the former parent company of Fox News - to Walt Disney.

Fox trading under "FOX" and "FOXA" on the Nasdaq Global Select Market. He will serve alongside Rupert Murdoch, the founder of Fox, and Lachlan Murdoch, the company's chief executive and chairman.

The company issued the announcement early Tuesday, which is the same day it finalized its split from 21st Century Fox.

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".

The new Fox will be led by Murdoch's elder son, Lachlan, and will focus largely on sports and news - two forms of programming that have held up well in the ratings despite fewer people watching television.

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With the acquisition, Disney now has a huge amount of content and intellectual property, including "X-Men", "Avatar", and "Deadpool".

As has been previously reported, the so-called "New Fox" is focused on the news and sports aspects of the old company's business. In that role, he was interviewed often on Fox News, the cable news channel that will be a key asset in the slimmed-down version of the new company.

"The reconfigured Fox Corp. will emphasize live programming, with National Football League prime-time games on Thursday nights and WWE's "Smackdown" on Fridays. Most of the affected positions are in Los Angeles", James wrote. The deal covers the 21st Century Fox film and television studios, as well as a cable group that comprises FX, National Geographic, 300-plus worldwide channels and 22 regional sports networks.

And at least one Fox employee is celebrating his new corporate overloads in a very cheeky manner. "In other words, we would expect more shows like "The Masked Singer" and less programs like "Empire" in the years ahead".