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Walt Disney buys Murdoch's Fox for $52.4bn

2017-12-14 14:48:32| BBC News | Business | UK Edition

The deal ends Rupert Murdoch's more than half century of media empire building.

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Disney buys 21st Century Fox for USD 52.4 bln in stock

2017-12-14 13:25:00| Telecompaper Headlines

(Telecompaper) The Walt Disney Company said it has agreed to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses and the company's debt, for USD 52.4 billion in stock, subject to adjustment based on tax liabilities. The price implies a total transaction of USD 66.1 billion. Before the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders. Bob Iger will remain chairman and CEO of The Walt Disney Company through 2021. The acquisition is expected to yield at least USD 2 billion in cost savings from efficiencies realised through the combination of businesses.

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Unibail Buys Westfield for $16 Billion as Mall Owners Merge

2017-12-12 18:16:56| National Real Estate Investor

The Paris-based company offered a combination of cash and stock that values Westfield at A$10.01 per share, or about 18 percent more than Mondays closing price.

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Vintage Wine Estates buys Layer Cake, Cherry Pie and If You See Kay wine brands

2017-12-12 15:45:00| Daily beverage news and comment - from just-drinks.com

Vintage Wine Estates (VWE) has agreed to purchase three wine brands from their founder.

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Nexam Chemical buys masterbatch manufacturer Plasticolor Sweden

2017-12-11 19:14:31| Canadian Plastics Headlines

The acquisition will ensure access to high-class production capacity, Nexam said in a statement, helping the company expand its product portfolio and accelerate growth. The post Nexam Chemical buys masterbatch manufacturer Plasticolor Sweden appeared first on Canadian Plastics.

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