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Acquisition of 21st Century Fox by the Walt Disney Company / From Wikipedia, the free encyclopedia
An acquisition of Time Warner by The Walt Disney Company took place on March 20, 2019.[1] Among other key assets, the acquisition included the Warner Bros. film and TV studios, Home Box Office, Inc., Turner Broadcasting System (including CNN, TNT, Cartoon Network, Adult Swim, etc.), a 30% stake in Fandango Media, and a 10% stake in Hulu.
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Comcast (parent company of NBCUniversal) made its own offer on June 13, 2018, a $65 billion all-cash proposal to acquire the Warner Bros. assets that Disney was set to purchase. This touched off a major bidding war between the two companies.[2] A week later, Disney counterbid with a $71.3 billion offer.[3] Comcast officially dropped its bid on July 19.[4]