Morningstar | Twenty-First Century Fox Completes Spinout of Fox Corp.; Disney Will Acquire 21CF on March 20
Twenty-First Century Fox completed the distribution of all shares of Fox Corp. (tickers FOXA and FOX) to 21CF shareholders on March 19. The assets remaining at 21CF will trade under the TFCFA and TFCF tickers until the acquisition of the firm by Walt Disney on March 20. As a result, we are removing our fair value estimate for 21CF as the company will shortly cease to exist.Twenty-First Century Fox is a media and entertainment company with operations in the following segments: Cable Network Programming, which consists of the production and licensing of programming distributed primarily through cable television systems and others; Television, which consists of the broadcasting of network programming and the operation of power broadcast television stations; Filmed Entertainment, which consists of the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media worldwide, and the production and licensing of television programming worldwide; and Other, Corporate and Eliminations.
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