Walt Disney (DIS - Get Report) set March 20 as the date for its $71.3 billion acquisition of Twenty-First Century Fox (FOXA) assets to become official. The deal will be completed at 12:02 a.m. ET on that day, wrote TheStreet's Tony Owusu.
The two companies also said they expect Fox to distribute on Tuesday, March 19, "all issued and outstanding shares of Fox Corp common stock to 21st Century Fox stockholders."
Disney agreed to acquire the majority of Fox's assets, including the media company's regional sports networks, its 30% stake in Hulu, and the company's film and television studios. Fox will continue to operate its news division and national sports network FS1.
Related. Novice Trade: Disney
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