Disney Sets March 20th Closing Date For Its Acquisition Of 21st Century Fox

Disney Sets March 20th Closing Date For Its Acquisition Of 21st Century Fox

"We're in the endgame now..." Almost two years after making a bid for 21st Century Fox, Disney is finally preparing to formally close the deal, and it looks like everything will be official by next week!

Multiple sources are reporting that The Walt Disney Company has set March 20th as the closing date for its long-awaited acquisition of 21st Century Fox.

The House of Mouse announced the news earlier this morning after they presumably received approval from Mexican regulators, the last major hurdle they needed to clear to move forward with the unprecedented deal. Current 21st Century Fox shareholders will now have until 5 p.m. EST Thursday to choose the amount of cash and Disney stock to receive in the $71.3 billion transaction. 

The deal is officially expected to become effective on Wednesday, March 20, at 12:02 a.m. EST. 

While comic book movie fans are undoubtedly - and perhaps a bit naively - zeroed in on the impending integration of the X-Men and Fantastic Four (along with other characters) into the blockbuster Marvel Cinematic Universe, this historic union between the two media giants isn't all good news as it's expected to result in as many as 4,000 layoffs within the next few weeks as overlapping operations are eliminated and resources are reallocated to further support Disney's upcoming global launch of the Disney+ streaming platform in the back half of this calendar year. 
DISCLAIMER: Comic Book Movie is protected under the DMCA (Digital Millenium Copyright Act) and... [MORE]
Related Headlines
JUNGLE CRUISE Stars Dwayne Johnson And Jack Whitehall Discuss The Movie's Big Coming Out Scene

JUNGLE CRUISE Stars Dwayne Johnson And Jack Whitehall Discuss The Movie's Big Coming Out Scene

Jungle Cruise is now in theaters and streaming on Disney+'s Premier Access, and during the global press conference for the movie, Dwayne Johnson and Jack Whitehall addressed one of its most moving scenes.
JUNGLE CRUISE Star Dwayne Johnson Reveals Why He Boarded The Movie And Praises BLACK ADAM Director

JUNGLE CRUISE Star Dwayne Johnson Reveals Why He Boarded The Movie And Praises BLACK ADAM Director

Talking at the global press conference for Jungle Cruise, Dwayne Johnson reveals what about the movie spoke to him as an actor while also praising director Jaume Collet-Serra (Black Adam). Check it out!
JUNGLE CRUISE Review; A Fun Family Blockbuster That Reminds Us Why We Love Going To The Movies

JUNGLE CRUISE Review; "A Fun Family Blockbuster That Reminds Us Why We Love Going To The Movies"

Jungle Cruise arrives in theaters this Friday, but after those glowing social media reactions, what's our verdict on the latest Disney movie based on one of their iconic theme park rides? Find out here...
NINE DAYS And TOY STORY 4 Star Tony Hale Would Love To Keep Asking Questions As Forky (Exclusive)

NINE DAYS And TOY STORY 4 Star Tony Hale Would Love To Keep Asking Questions As Forky (Exclusive)

Talking to us about his new movie, Nine Days, Tony Hale makes it clear he would love to be given the opportunity to return as Forky after playing the animated icon in Toy Story 4 and Forky Asks a Question!
JUNGLE CRUISE Star Dwayne Johnson Responds To Vin Diesel's Recent Comments: I Laughed Hard

JUNGLE CRUISE Star Dwayne Johnson Responds To Vin Diesel's Recent Comments: "I Laughed Hard"

Vin Diesel recently touched on his much-publicized falling-out with Fast and Furious costar Dwayne "The Rock" Johnson, and the Jungle Cruise star has now responded. Find out what he had to say...
Latest Headlines
WHAT IF...? Promo Art Features Steve Rogers' HYDRA Stomper Racing Into Action; Possible Spoilers Revealed

WHAT IF...? Promo Art Features Steve Rogers' HYDRA Stomper Racing Into Action; Possible Spoilers Revealed

More Marvel Legends promo art from What If...? has been revealed featuring a closer look at the HYDRA Stomper armour Steve Rogers will don in a universe where Peggy Carter takes the Super Soldier Serum...
LOKI Director Believes Kang Scripted The Entire Infinity Saga And Shares Her Thoughts On What Comes Next

LOKI Director Believes Kang Scripted The Entire Infinity Saga And Shares Her Thoughts On What Comes Next

Loki director Kate Herron reveals that He Who Remains, a.k.a. Kang the Conqueror, scripted the entire Infinity Saga before meeting Loki and Sylvie and has some interesting thoughts on what comes next.
THE SUICIDE SQUAD Is Officially Certified Fresh On Rotten Tomatoes With A Very Impressive 96%

THE SUICIDE SQUAD Is Officially Certified Fresh On Rotten Tomatoes With A Very Impressive 96%

Though that perfect 100% score did drop a little with the addition of a couple of negative reviews, James Gunn's The Suicide Squad is now officially certified fresh at 96% on Rotten Tomatoes.
WHAT IF...? Promo Art And Character Description Revealed For The Sinister Doctor Strange Supreme

WHAT IF...? Promo Art And Character Description Revealed For The Sinister Doctor Strange Supreme

Another piece of promo art for Marvel Studios' What If...? has been released ahead of its Disney+ debut, and it sounds like "Doctor Strange Supreme" is going to be unlike anything we've seen before...
SHANG-CHI AND THE LEGEND OF THE TEN RINGS: Check Out Empire's Stunning Subscriber Cover

SHANG-CHI AND THE LEGEND OF THE TEN RINGS: Check Out Empire's Stunning Subscriber Cover

Following today's new poster and featurette, Empire Magazine has debuted a pair of covers spotlighting the MCU's next Phase 4 adventure, Shang-Chi and The Legend of the Ten Rings. Take a look...
THE SUICIDE SQUAD Review; It's Not A Comic Book Movie Classic But You'll Have A Bloody Good Time

THE SUICIDE SQUAD Review; "It's Not A Comic Book Movie Classic But You'll Have A Bloody Good Time"

The Suicide Squad arrived in UK cinemas today, but is it worthy of the amount of praise that's been heaped on this reboot by critics in the U.S.? Hit the jump to check out our spoiler-free verdict...
VENOM: LET THERE BE CARNAGE IMAX Display Features An Awesome New Look At The Villainous Symbiote

VENOM: LET THERE BE CARNAGE IMAX Display Features An Awesome New Look At The Villainous Symbiote

Venom: Let There Be Carnage will see Tom Hardy's symbiote go up against his far more ruthless nemesis from the comics, and a new IMAX theater display gives us arguably our best look yet at the villain.
5 Upcoming Marvel And DC Superhero Movies That Could FLOP At The Box Office

5 Upcoming Marvel And DC Superhero Movies That Could FLOP At The Box Office

With even a Marvel Studios blockbuster underwhelming at the box office, it's not easy for studios. Unfortunately, we have a feeling these upcoming titles will flop in a big way over the next few years!