Disney To Buy Most Of 21st Century Fox In Transformative $66 Billion Deal

Walt Disney (DIS) said Thursday that it has reached a $66.1 billion deal to acquire 21st Century Fox's (FOXA) entertainment assets, as the media giant prepares to up the ante against Netflix (NFLX) and Amazon (AMZN) in streaming content.

X Disney will pay $52.4 billion in stock as well as assume $13.7 billion in debt to buy 21st Century Fox. Disney will get the 20th Century Fox's movie and TV studios, key Fox cable channels, and certain international properties.

Fox will spin off Fox...

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