Walt Disney is spending $52.4 billion to buy most of 21st Century Fox in hopes of competing more effectively with Netflix, Amazon.com and Apple in digital entertainment. The deal will send ripples through Hollywood and Silicon Valley. Here is our analysis of the potential ramifications.
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Sky deal will proceed. Disney and Fox executives both emphasized Fox is continuing with its bid to buy full ownership of the Sky satellite TV service in Britain. What they didn’t say was that U.K. regulators may be much more likely to approve that deal now that the Murdochs are removing themselves from the equation. The history of phone hacking at the Murdochs’ U.K. newspapers and, more recently, questions about Fox News’ coverage, had been stumbling blocks in the way of approval for the deal.