Walt Disney Co’s deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said. Under the terms of the all-stock deal, Fox assets that will be sold to Disney, including the Twentieth Century Fox movie and TV studio, cable networks and international operations will be valued at around $29 per share, the source said on Wednesday. The Fox deal brings marquee franchises inside the Mouse House, on top of Disney CEO Bob Iger’s previous purchases, including Pixar Animation Studios, Marvel Entertainment and “Star Wars” producer Lucasfilm. Under the deal, Disney will gain access to 46 million subscribers in three major markets, the United States, Western Europe and India, according to Barclays analysts. The U.S. Department of Justice recently sued to block AT&T Inc’s $85.4 billion deal to buy Time Warner Inc, on the basis that it will raise prices for consumers and competitors.

Source: New Strait Times December 13, 2017 23:15 UTC