Walt Disney has just announced it will purchase 21st Century Fox’s entertainment assets for $52.4 billion.

Disney also confirmed the deal will include film studio 20th Century Fox and British satellite broadcaster BSKYB.

The total value of the acquisition is $66.1 billion, with Disney assuming $13.7 billion in 21st Century Fox debt.

“The acquisition of this stellar collection of businesses from 21st Century Fox reflects the increasing consumer demand for a rich diversity of entertainment experiences that are more compelling, accessible and convenient than ever before,” said Disney CEO Bob Iger.

“We’re honored and grateful that Rupert Murdoch has entrusted us with the future of businesses he spent a lifetime building, and we’re excited about this extraordinary opportunity to significantly increase our portfolio of well-loved franchises and branded content to greatly enhance our growing direct-to-consumer offerings.

“The deal will also substantially expand our international reach, allowing us to offer world-class storytelling and innovative distribution platforms to more consumers in key markets around the world.”

Further information on which entertainment properties will be affected by the Disney purchase is expected to come in the following months.

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