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FoxNext among assets purchased in Disney’s $71.3 billion acquisition of 21st Century Fox

Date Type Companies involved Size
July 30th, 2018 acquisition 21st Century Fox
FoxNext
The Walt Disney Company
$71,300m
FoxNext among assets purchased in Disney’s $71.3 billion acquisition of 21st Century Fox

Publisher FoxNext is one of several key assets acquired by Disney in its $71.3 billion acquisition of 21st Century Fox.

While news of the acquisition first broke last year, the two media titans finally reached a purchase agreement in two meetings last Friday.

The deal was delayed when Comcast entered the ring, escalating the stakes with a $65 billion offer back in June.

The final deal will see Disney take ownership 21st Century Fox assets and intellectual property, with Fox shareholders receiving an even split of cash and stock.

A good fit?

FoxNext was set up in January 2017, running games like the successful Marvel Strike Force. The comic tie-in RPG has generated over $25 million in four months, proving the company capable of creating hits.

However, Disney itself stopped developing games internally back in 2016 and instead moved to license properties to third-party developers.

With Foxnext now an internal development and publishing house, it’ll pay to see if Disney sees it as an exception.

It recentl set up new studio Fogbank Entertainment in San Francisco to focus on narrative-driven games, while Aftershock meanwhile, a purchase from a company spun-out of Kabam, has a new Avatar mobile title in development.


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Staff Writer

Natalie Clayton is an Edinburgh-based freelance writer and game developer. Besides PCGamesInsider and Pocketgamer.biz, she's written across the games media landscape and was named in the 2018 GamesIndustry.biz 100 Rising Star list.

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