From CNET: If "Avengers vs. X-Men: The Synergy Wars" ends up at a theater near you, here's why the movie was made.
The Walt Disney Co. signed a deal on Thursday to buy major parts of 21st Century Fox in a $52.4 billion all-stock deal. It's a dramatic example of Hollywood companies joining forces amid growing competition from digital powerhouses like Netflix and Amazon.
The deal covers the 21st Century Fox film and television studios, as well as a cable group that comprises FX Networks, National Geographic, 300-plus international channels and 22 regional sports networks. It includes broadcasting giant Sky in the UK and Australia. It also doubles Disney's stake in video-streaming service Hulu to 60 percent, putting a question mark over the future of one of the main streaming video services in the US.
The total deal is worth $66.1 billion, but that includes $13.7 billion of Fox's debt.
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