Disney seals $71bn deal for 21st Century Fox as it prepares to take on Netflix

The acquisition of Rupert Murdoch’s film and TV studio business will boost Disney as it enters the TV streaming market

Disney has closed its $71bn (£54bn) acquisition of Rupert Murdoch’s entertainment business in a deal that unites franchises including Cinderella, The Simpsons and Star Wars under one corporate roof to create a media behemoth of unprecedented scale.

The Walt Disney Company closed its acquisition of 21st Century Fox shortly after midnight New York time on Wednesday.

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