Paul Ryan Joins Fox Corp.'s Board of Directors

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Disney was still informing some senior 21st Century Fox employees of their status with the new company as late as Monday.

21st Century Fox announced that the long-standing deal for the Walt Disney Company to acquire its key assets, including the 20th Century Fox film and TV studio, Fox's entertainment cable networks, and its global assets, has been completed.

Former Republican Speaker of the House Paul Ryan appointed to Murdoch's Fox Corporation spin-off.

According to a Fox news release, Ryan led "efforts to revise the federal tax code, rebuild the national defense, expand domestic energy production, combat the opioid epidemic, and reform the criminal justice system".

House Speaker Paul Ryan (R-WI), speaks about the Republican tax reform legislation now before Congress, during his weekly briefing on Capitol Hill in Washington, on December 14, 2017.

"We are thrilled to welcome our new colleagues to the Fox board", Lachlan Murdoch said in a statement.

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The larger implications of this deal are not entirely known although Fox News and sports channels will not be included in the acquisition.

"This is an extraordinary and historic moment for us - one that will create significant long-term value for our company and our shareholders".

Keep reading ComingSoon.net for future details on Disney's acquisition of the 21st Century Fox assets!

Disney won a bidding war in 2018 against cable giant Comcast to acquire the assets.

Crucially, the Fox takeover will be complete ahead of Disney's planned launch of its own Netflix-like streaming service later this year, called Disney+.

As the agreement was being settled previous year, it was reported by the Wall Street Journal that Disney meant to release any films amidst production at Fox. Prudence, Rupert's only child from his first marriage, is a media executive and thought to be more removed than Lachlan, James or Elisabeth.

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