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The Walt Disney Co. is acquiring most of 21st Century Fox Inc. for $52.4 billion in stock, Disney announced this morning. Fox will spin off and retain some of its properties, including Fox News, but Disney would own Fox's substantial film and TV empires.
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Source : http://abcnews.go.com/Business/disney-acquire-21st-century-fox-business-spinoff-524b/story?id=51780002