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The Walt Disney Company (NYSE: DIS) has announced it has reached a deal to acquire most of the assets of Twenty-First Century Fox (NASDAQ: FOXA) in an all-stock transaction worth about $52.4 billion, or $29.54 per share, based on Fox's closing price on Wednesday. After the assumption of approximately $13.7 billion in debt, the total consideration will be roughly $66.1 billion. Disney will issue approximately 515 million new shares to current Fox shareholders, who will have about a 25% stake in the new company. The transaction is estimated to generate $2 billion in cost savings.
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