The once improbable Walt Disney-21st Century Fox mega-deal, the worst-kept secret in Hollywood and Wall Street, is now official.
To say that the all-stock transaction valued at $52.4 billion and $13.7 billion in debt will change the landscape of the media and entertainment industries may be the understatement of the year. Correction: It may be the biggest understatement in the history of understatements. No amount of hyperbole seems to do this transaction justice.
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