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Next for the Disney / 21st Century Fox deal: How to combine the two entities into one

NEW YORK, NY - DECEMBER 14: An advertisement of the new Star Wars film plays on a screen as the Disney logo is displayed outside the Disney Store in Times Square, December 14, 2017 in New York City. The Walt Disney Company announced on Thursday morning that it had reached a deal to purchase most of the assets of 21st Century Fox. The deal has a total value of around $66 billion, with Disney assuming $13.7 billion of Fox's net debt. (Photo by Drew Angerer/Getty Images)
Drew Angerer/Getty Images
An advertisement of the new Star Wars film plays on a screen as the Disney logo is displayed outside the Disney Store in Times Square, December 14, 2017 in New York City.

Disney is buying the Murdoch family's Fox movie and television studios and some cable and international TV businesses for about $52.4 billion, as the home of Mickey Mouse tries to meet competition from technology companies in the entertainment business.

Disney is buying the Murdoch family's Fox movie and television studios and some cable and international TV businesses for about $52.4 billion, as the home of Mickey Mouse tries to meet competition from technology companies in the entertainment business.

Disney's all-stock deal for 21st Century Fox gives it the studios behind Avatar, "The Simpsons" and "Modern Family," though Murdoch will keep the Fox News Channel, the Fox television network and other U.S. television businesses. The deal also brings Marvel characters such as X-Men and The Avengers under one roof.

The blockbuster deal is a way for Disney to acquire the content necessary to rival streaming giants like Netflix. While its influence on the media landscape would be huge, the acquisition is also going to have a sizable  impact on Los Angeles and our local economy.

How will the cultures of these two different entities be melded? Could there be layoffs?

With files from the Associated Press.

Guests:

Ben Fritz, film and media reporter at The Wall Street Journal's Los Angeles bureau who’s been following the story; one of his areas of focus is the Walt Disney Company; he tweets

Dawn Chmielewski, technology editor at the entertainment news site Deadline who’s been following the story; she tweets

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