Walt Disney has agreed to buy 21st Century Fox’s entertainment assets for a total $52.4bn (£39bn). The deal includes Fox’s 39% stake in satellite broadcaster Sky, and the 20th Century Fox film studio, Disney announced. Fox’s remaining assets, including Fox News and Sports, will form a new company. The BBC says that the Disney deal will not alter that investigation. Fox is selling assets including its FX and National Geographic cable channels and media company Star India.

Source: Pakistan Today December 14, 2017 14:13 UTC