The Disney and Fox Acquisition Has Officially Closed and Ryan Reynolds Shares a Deadpool Photo To Celebrate
Almost two years after it was announced that Disney started working on a deal to acquire 21st Century Fox, the acquisition has officially closed! Disney spent $71.3 billion on the key entertainment assets from Fox and the acquisition will become effective at 12:02 a.m. Eastern Time March 20th, 2019.
21st Century Fox announced the big news and you can read the statement below:
Twenty-First Century Fox, Inc. (“21CF”) (NASDAQ: TFCFA, TFCF) announced that it has today completed the distribution of all issued and outstanding shares of Fox Corporation (“FOX”) common stock to 21CF stockholders (other than holders of the shares held by subsidiaries of 21CF) on a pro rata basis (the “Distribution”). 21CF and FOX are now each a standalone, publicly traded company. FOX Class A common stock and FOX Class B common stock are now listed on the Nasdaq Global Select Market (“Nasdaq”) under the symbols “FOXA” and “FOX,” respectively. 21CF Class A common stock and 21CF Class B common stock, which were formerly listed on Nasdaq under the symbols “FOXA” and “FOX,” respectively, are now listed on Nasdaq under the symbols “TFCFA” and “TFCF,” respectively.
This is one of the biggest Hollywood deals in history, and Disney is now one step closer to ruling the word. Fox has now officially joined Marvel, Pixar, and Lucasfilm under the Disney umbrella of greatness. It’s pretty crazy that a deal like this actually happened!
Well, now Marvel Studios can get rolling on those X-Men and Fantastic Four films! That’s what I’m excited about! To celebrate the occasion, Ryan Reynolds shared a photo of Deadpool in a school bus wearing a Mickey Mouse hat. It comes with the caption, “Feels like the first day of ‘Pool.”
Are you excited or worried about the future of Fox now that Disney officially owns it?