Control these assets. We will dig into the implications for netflix because they potentially stand to lose possibly the most if fox and disney pull together and emphasize hulu, their direct competitor to netflix. Alix Lisa Abramowicz is joining me, by the way. Fox. Y will be buying the deal looks to be about 52. 4 billion. Disney will assume 13. 7 a foxs debt. This also means that disney will by foxs 39 ownership of sky and bob iger will remain ceo through 2021. A look at whats happening to the stoxx premarket. Disney up 4 10 of 1 . The news was widely expected. Take a look at fox to see what shares are doing. By about a few percentage points. Fromt to get more reaction gita. What is your initial reaction to the deal . This has been in the works for about a month or so. All of these rumors and news reports. Disney instrumental for for its streaming strategy. Gives them a lot of heft in the marketplace. A lot of ammunition in terms of a deep library of content. Increases negotiating lev
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