Disney Buying Most of 21st Century Fox for $52.4 Billion


Walt Disney Co.'s headquarters in Burbank is seen in this file photo. (Credit: Barbara Davidson / Los Angeles Times)

Walt Disney Co.’s headquarters in Burbank is seen in this file photo.
(Credit: Barbara Davidson / Los Angeles Times)

Disney is buying a huge chunk of 21st Century Fox in a deal that promises to reshape the media industry and help the entertainment giant fend off digital rivals such as Netflix.

The $52.4 billion all-stock deal will combine two of the biggest players in Hollywood.

Check back for updates on this developing story.

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