The daily business briefing: December 14, 2017

1.

Walt Disney Co. is buying 21st Century Fox's film and TV studios for $52.4 billion in a landmark all-stock deal unveiled early Thursday. Disney also is assuming $13.7 billion in 21st Century Fox debt, bringing the deal's total value to $66.1 billion. The sale comes after nearly 50 years of expansion by Fox media mogul Rupert Murdoch, 86, and leaves his company with remaining assets focused on news and sports. The purchase will help Disney battle new rival content providers. It also...

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