Disney has set its date for world domination. It has been announced the 21st Century Fox acquisition has a closing date of March 20. If all goes according to plan, Disney will be even more powerful by this time next Wednesday.
The date was included in a release in which Disney indicated that the company has received the last major approval for the deal from regulators in Mexico. According to Disney, 21st Century Fox shareholders will have until Thursday to choose the amount of cash and Disney stock to receive in the $71.3 billion transaction. The $71.3 billion is much higher than the $52.4 billion Fox had originally accepted in December 2017. Comcast forced Disney to raise its bid when it came in with a higher offer for Fox.
The Disney acquisition should be effective by 12:02 AM Eastern Time on March 20 and 21st Century Fox shareholders will receive a mix of cash and stock valued at $38 a share in the deal.
