Disneys $52 billion-dollar acquisition of 21st Century Fox is being slammed by Hollywood writers.
In the relentless drive to eliminate competition, big business has an insatiable appetite for consolidation.
The antitrust concerns raised by this deal are obvious and significant.
Credit: Marvel/Disney
Disney also will buy Foxs majority stake in Hulus video streaming service.
Disney CEO Bob Iger will also stay on at the company through 2021, the announcement said.
Iger was previously set to exit in 2019.
Anthony Breznican contributed to this report
