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Disney-Fox mega-deal set to close March 20

15 March 2019

Winning Mexico's consent was the final hurdle for Disney to wrap up its 9-month quest to secure all of the government approvals that it needed.

It is reported the Disney-Fox deal is expected to go through next week as a reporter for CNN offers the news.

The closing of The Walt Disney Co.'s merger with Twenty-First Century Fox is coming soon, and the companies announced Tuesday (3/12) that the deadline for holders of 21CF common stock to elect the form of consideration they wish to receive in the acquisition will be Thursday (3/14) at 5pm Eastern.

Under the deal, Disney will pick up the 21st Century Fox Movie Studio, a controlling stake in streaming giant Hulu, and several cable channels.

That meant ensuring a separation of licensing and provision between Fox's National Geographic and Nat Geo Wild channels, and the A&E, History, H2 and Lifetime networks of Disney, the IFT said.

Also part of the 21st Century Fox acquisition are its storied television creative units, Twentieth Century Fox Television, FX Productions and Fox21, which have brought The Americans, This Is Us, Modern Family, The Simpsons and so many more hit TV series to viewers across the globe.

A company statement to The Hollywood Reporter said Iger expects "the acquisition to become effective at 12:02 a.m".

The process has taken almost two years to close.

The combination of the two companies is expected to lead to substantial job losses.

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. Visit MarketWatch.com for more information on this news. The Fox executives will report to Disney Studios Chairman Alan Horn.

Disney-Fox mega-deal set to close March 20