The acquisition of Disney with 21st Century Fox is set to close on Jan. 1, 2019, according to Variety.
Current President of 21st Century Fox, Peter Rice, told employees the news at a town-hall meeting on Wednesday in Los Angeles. Rice will be joining Disney as a top TV exec once the deal closes.
Rice was joined by Fox CFO, John Nallen, who will become COO of the New Fox – the remaining assets of Fox that will not be scooped up by Disney in the acquisition.
Sources said that Rice told employees the deal will be ready to close on Jan. 1.
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Current President of 21st Century Fox, Peter Rice, told employees the news at a town-hall meeting on Wednesday in Los Angeles. Rice will be joining Disney as a top TV exec once the deal closes.
Rice was joined by Fox CFO, John Nallen, who will become COO of the New Fox – the remaining assets of Fox that will not be scooped up by Disney in the acquisition.
Sources said that Rice told employees the deal will be ready to close on Jan. 1.
Continue reading…
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