Disney new owner of Star TV by March 20th

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Disney announced that they expect to close on its deal to buy most of 21st Century Fox for $71 Billion on March 20th 2019. 

With this deal, Disney will get ownership of 20th Century Fox movie and television studio, Fox’s 22 regional sports channels, cable channels including FX and National Geographic, and Fox’s portfolio of international operations, including a fast-growing pay-TV service including Star TV in India. The deal will also give Disney 60% ownership of Hulu.

Staffers at the 20th Century Fox studio are bracing for layoffs and other big changes.

The deal does not include Fox News, the Fox broadcast network, television stations, Fox Sports 1 and Fox Sports 2. Rupert Murdoch's newspapers such as Wall Street Journal, New York Post, Times of London and a portfolio of Australian properties are housed in a second company, News Corp. Disney has also agreed to sell Fox’s 22 regional sports channels once they get ownership of them.