Disney, Fox 21st Century to Merge Next Week

Disney Co

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. "While our base-case forecast shows that Disney could reduce leverage back to under 2x (the downside threshold for the prior 'A+' issuer credit rating) within two years, we believe Disney faces internal and external challenges that could delay that deleveraging process, resulting in adjusted leverage remaining above 2x", S&P wrote in a note. More on the report below. The move came after Mexico's telecommunications regulator, IFT, approved the Disney-Fox deal late Monday, according to Bloomberg News.

The acquisition will then become effective at 12:02 a.m. ET/PT on March 20. Like with Brazil last month, the main sticking point was Disney's putative ownership of Fox Sports given the importance of soccer rights; the combination of Fox and Disney's ESPN was also viewed warily by regulators in the US and Europe, with major agencies there requiring divestitures. Almost $20 billion more than the amount they had initially offered. Shareholders will have until Thursday to decide how much cash and Disney stock to receive after the acquisition, which totals $71.3 billion.

More news: Tim Tebow sent to minors, will start season with Syracuse Mets

While the news is cause for celebration for those who have been waiting a long time to see the X-Men and Fantastic Four be a part of the MCU, we must not forget about the number of jobs that will be lost in this huge merger. As estimated, around 4,000 people may lose their jobs. Fox shareholders will receive a mix of cash and stock valued at $38 a share in the deal.

Disney has already said it would bring over several key Fox executives to run important operations, including Walt Disney Television. There's no telling when that will actually happen, but you can be sure it will happen eventually.

Related News:

  • Whoopi Goldberg Returns to 'The View' After Pneumonia

    Whoopi Goldberg Returns to 'The View' After Pneumonia

    You think because you've healed quickly before that something insane can't happen, Well, it can. "The only way it's going to get better is if I begin, so this is my beginning", she said.
    Alia Bhatt and Ajay Devgn join Rajamouli's RRR

    Alia Bhatt and Ajay Devgn join Rajamouli's RRR

    This is the first time, the actress has teamed up with Ram Charan and SS Rajamouli, as well as actor Ajay Devgn in her career. It's Alia Bhatt's birthday tomorrow (March 15) and the actress has already treated her fans to some exciting news.

    Avengers: Endgame trailer breakdown

    Tony Stark's Iron Man ( Robert Downey Jr .) and other Avengers in the latest "Avengers: Endgame" trailer released March 14, 2019. If you've seen that new Marvel movie now in theaters, you might guess who joins the fight.
  • Lori Loughlin Dropped By Hallmark After Arrest for College Admissions Scam

    Lori Loughlin Dropped By Hallmark After Arrest for College Admissions Scam

    The brand released a statement, saying , "We are saddened by the recent news surrounding the college admissions allegations". She's also starred in a number of popular holiday movies on the network and the ongoing series " Garage Sale Mysteries ".
    S&P and Nasdaq higher, Dow lower

    S&P and Nasdaq higher, Dow lower

    Chipmaker Nvidia Corp jumped after entering a $6.8 billion deal to buy Mellanox Technologies Ltd. The rally in the communications giant and Dow component helped offset some of Boeing's losses.
    No deal Brexit: No tariffs for Irish goods going to NI

    No deal Brexit: No tariffs for Irish goods going to NI

    Secretary of State Karen Bradley said they would be "temporary" and recognise "the unique circumstances of Northern Ireland". The decision to refrain from checks at the Irish border would be temporary while longer term solutions were negotiated.
  • Caribbean Airlines addresses Boeing 737 MAX-8 concerns

    Caribbean Airlines addresses Boeing 737 MAX-8 concerns

    The accounts of the recent crashes were echoed in concerns registered by U.S. pilots on how the MAX 8 behaves. Inside Story: How safe is Boeing's 737 Max 8 aircraft? The crash killed 157, including three Russians.
    New Avengers: Endgame trailer will give you chills

    New Avengers: Endgame trailer will give you chills

    The poster, which you can see below, shows some of the biggest Avengers superheroes to date. The new suit could possibly be used to travel through the Quantum Realm or to fight Thanos.
    William and Harry split royal households as Sussexes hire ex-Clinton advisor

    William and Harry split royal households as Sussexes hire ex-Clinton advisor

    The long-standing Communications Secretary, Jason Knauf, will become a "special adviser" to William and Kate. The Duke and Duchess of Sussex have split their household from the Duke and Duchess of Cambridge.
  • How to Enable Dark Mode in the Google Feed on Nova Launcher

    How to Enable Dark Mode in the Google Feed on Nova Launcher

    The dark mode background since it is either black or grey provides you with a much longer battery life while using that app. You can enable YouTube's dark mode on the web (for the current browser only) by clicking your avatar, then Dark theme .
    Golden Tate Reportedly Down to Patriots and Steelers in Free Agency

    Golden Tate Reportedly Down to Patriots and Steelers in Free Agency

    The Lions traded Golden Tate at the trade deadline past year because they didn't think they could re-sign him very easily. He's a good player and he deserves to be paid like one, but the signing is still confusing.
    Police seek four suspects in bitcoin fraud investigation

    Police seek four suspects in bitcoin fraud investigation

    The tools themselves weren't created for such activities, but allow for "stuck" transaction to go through using additional fees . The second double-spends that transaction with a transaction with higher fees, paying only the change address.


Most liked

Shooting at mosque in New Zealand
All schools in Christchurch have been placed on lockdown, police commissioner Mike Bush said. Muslims account for just over 1 percent of New Zealand's population, a 2013 census showed.

Further Details Revealed For Xbox Live Coming To Android And iOS Devices
Developers will not be forced to integrate every single aspect of Xbox Live in their games. Starting today, Microsoft is bringing Xbox Live to additional platforms.

Measles Misinformation Draws The Attention Of Canada's Chief Public Health Officer
The first symptoms of measles include a fever, cough, runny nose and sore, watery pink eyes, followed by a blotchy rash. New York City health officials say a child should get a measles vaccine on or after their first birthday.

Democrats seeking primary opponent for Omar
Some Minnesota Democrats have begun looking to recruit someone to mount a primary challenge against Rep. Ilhan Omar , D-Minn., after her comments about Israel and AIPAC, The Hill reports.

What is Barcelona's history with their potential Champions League opponents?
Top of Group F and produced commanding victory over Schalke in the Round of 16, winning the second leg 7-0 for 10-2 on aggregate. Liverpool , Manchester United , Manchester City , Juventus , Ajax , FC Porto , Tottenham and Barcelona are the sides involved.

Lori Loughlin’s Daughters Won’t Return To USC Following College Admission Scam
The three who were charged are among the defendants in Toy's lawsuit, as is William Singer, the accused mastermind of the scheme. US attorney Andrew Lelling announced that the parents charged in the scam represent "a catalog of wealth and privilege".

Marvel Studios Taps Destin Creston To Direct 'Shang Chi' Film
Shang-Chi joins an ever-growing field of developing projects that will reshape the MCU following the events of Avengers: Endgame . Created by writer Steve Englehart and artist Jim Starlin , Shang-Chi eventually gained the power to create duplicates of himself.

Teddy Bridgewater set to meet with Dolphins
Taylor is expected to sign with the Los Angeles Chargers to be Phillip Rivers' backup, according to the NFL Network. Bridgewater's agreement comes on the 13-year anniversary of Brees signing his original deal in New Orleans.

Mueller report should be made public, House says in bipartisan vote
If a full report isn't released, House Democrats have made it clear they will do whatever they can to get hold of it. Nadler has said he would subpoena the final report and invite - or even subpoena - Mueller to talk about it.

Greta Thunberg: Swedish climate campaigner nominated for Nobel Peace Prize
Greta Thunberg, Davos: 'Adults keep saying: 'We owe it to the young people to give them hope.' But I don't want your hope. Local high school students plan to participate in the Global Youth Climate Strike on Friday, March 15, at 10 am.

Netflix documentary claims Madeleine McCann 'is alive and was abducted by traffickers'
Her disappearance sparked a large missing persons investigation and attracted huge media attention. The claim will be made in a bombshell new Netflix documentary to be released this week.

Google employee breaks world record for calculating pi
During the entire time it took for calculations, the Google Cloud server were kept switched on to avoid any interruptions. In addition to reaching such a high calculation, this is also the first time the world record was broken using the cloud.

Aamir Khan to play ‘Forrest Gump’ in Bollywood remake
Khan, who last appeared in box office flop " Thugs of Hindostan ", said he would lose 20 kilograms (45 pounds) for the role. On the occasion of his birthday, Aamir cut the cake with media and his wife, Kiran Rao was also present at the meet.

USA hiring outlook strong for second quarter: ManpowerGroup
A massive £30bn has already been paid out requiring enormous amounts of administration and creating tens of thousands of jobs. Ten out of the UK's 12 regions report a fall in confidence since last quarter.

Bayern Munich legend Franz Beckenbauer wants Jurgen Klopp as manager
Alex Ferguson and Jose Mourinho won a countless number of titles by winning games 1-0 on a regular basis. He added: "I have a lot of duels today, it was very hard because I was alone".