Disney Completes Acquisition of Fox Family Worldwide, Inc.Business/Entertainment Editors BURBANK, Calif.--(BUSINESS WIRE)--Oct. 24, 2001 The Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Company (NYSE NYSE See: New York Stock Exchange :DIS) has completed its previously announced acquisition of Fox Family Worldwide, Inc. from Haim Saban  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. and
Fox Broadcasting Company Noun 1. broadcasting company - a company that manages tv or radio stationscompany - an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage" . The acquisition closed on Wednesday with a final purchase price of $5.2 billion, including approximately $2.9 billion in cash and the assumption of $2.3 billion in Fox Family obligations. Michael D. Eisner, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented, "We are pleased to have completed this strategic acquisition, and are now turning with excitement to the launch of our new ABC Family service in the United States and the continued expansion of the Fox Kids services, which will ultimately be re-branded, in Europe, Latin America and elsewhere." --30---mtb/la* jap/la
CONTACT: The Walt Disney Company
John Dreyer, 818/560-5300
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: ENTERTAINMENT TELEVISION/RADIO MERGERS/ACQ
SOURCE: The Walt Disney Company
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