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    Disney buys much of Rupert Murdoch's 21st Century Fox in deal that would reshape Hollywood

    by Meg James, Los Angeles Times Dec 14, 2017 2 minutes

    Walt Disney Co. has finalized a $52.4-billion deal to buy much of Rupert Murdoch's entertainment empire, a blockbuster union that would radically transform Hollywood into a land of fewer giants.

    The stock deal, which Disney announced Thursday morning, would be Disney's boldest acquisition yet. If regulators approve it, Disney would take over the prolific 20th Century Fox movie and television studio, Fox's 22 regional sports channels, cable entertainment

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