1、 https:/crsreports.congress.gov January 19, 2018Disney-Fox TransactionOn December 14, 2017, the Walt Disney Company (Disney) and 21st Century Fox Inc. (Fox) announced that they have entered into an agreement under which Disney will acquire Fox for $66.1 billion. The price includes $52.4 billion for
2、Foxs stock and the assumption of $13.7 billion of debt. Prior to the transaction, Fox will spin off certain assets into a new company. After the transaction, Fox shareholders will own about 25% of Disneys stock. According to press reports, the family of Foxs current co-executive chairman, Rupert Mur
3、doch, will own about 5% of Disneys stock. Mr. Murdochs son, Lachlan, is also co-executive chairman of Fox, and his son, James, is the chief executive officer. In the event federal regulators block the transaction, Disney has agreed to pay Fox a $2.5 billion breakup fee. If either party pulls out of
4、the transaction for nonregulatory reasons, it will owe the other $1.52 billion. The Companies Disney is a diversified international family entertainment and media enterprise. It owns and operates the ABC broadcast television network, broadcast radio networks, eight broadcast television stations, and