There's a lot of anticipation building up over Disney's acquisition of 21st Century Fox's TV and film assets. Not only would the deal mark another mark of growth and success for the Mickey Mouse House, it would also mean the potential arrival of the X-Men, Fantastic Four, and other Fox mutants into the Marvel Cinematic Universe.
Though there hasn't been that many details about the deal itself, it seems like Disney and Fox's shareholders have begun to receive correspondence outlining the details of the merger between the companies. Outlining the terms of the merger proposal to Disney and Fox's shareholders, the letter talks about the nitty-gritty behind the Disney acquisition.
A shareholder who inherited some stock from his grandparents decided to post a photo of the correspondence on a thread on Reddit. Here are a few of the things outlined in the letter:
- 21st Century Fox is going to form a new subsidiary called "New Fox." This subsidiary is to be responsible over the "portfolio of 21CF's news, sports, and broadcast businesses."
- After that, 21st Century Fox and New Fox then enters a "separation agreement" along with an intensive restructuring of the organization
- Shares and dividends are to be distributed accordingly
- The remainder of 21st Century for which would keep "all assets and liabilities not transferred to New Fox" would then merge with Disney and shareholders would trade their shares in Fox for those in Disney.
Though the letter can get pretty technical, the plan seems pretty straightforward, allowing Disney and Fox to proceed with the merger with little trouble. The only problem now is the finalization of the acquisition.
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