Skip to main content

How Disney Is 'Cleaning' Itself Up With Fox Acquisition, Says Jim Cramer

Publish date:
Video Duration:

Walt Disney (DIS) - Get Walt Disney Company Report set March 20 as the date for its $71.3 billion acquisition of Twenty-First Century Fox (FOXA) - Get Fox Corporation Class A Report 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

Will I Have Enough Money to Retire? Want to learn about retirement planning from some of the nation's top experts? Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium. For a limited time, tickets are available for $99 for this full-day event. Check out the agenda, learn about the speakers and sign up here.

Watch Jim Cramer's Daily NYSE Show and Replays Below

Related Videos