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Rice: Disney/Fox acquisition to close by summer 2019
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Peter Rice, president of 21st Century Fox, has told staff that the merger between Fox and Disney is set to be complete for Spring or Summer 2019.
During a round of town hall meetings, the executive spoke to staffers offering reassurance and an update on the process, according to Deadline, which first reported the story.
The deal will see Disney gain key Fox assets including 20th Century Fox movie studio, 20thCentury Fox TV studio and FX Networks.
Rice said the remaining assets are likely to simply fall under the name Fox. This includes Fox Broadcasting Company, national sports cable networks FS1 and FS2, Fox News Channel and Fox stations.
In the meantime, UK regulators are claiming that Disney will have to make a mandatory offer for all of Sky in the UK, as it completes the merger.
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