With Disney’s acquisition of Fox’s entertainment assets at a price of $71. 3 billion, the House of Mouse has one less big Hollywood studio to compete against. But despite the deal reducing the number of rivals and potentially increasing its market share, Disney‘s stock fell by nearly 3 percent after the deal closed.

Though it slightly recovered in after-hours trading, the share had fallen 2. 76 percent by market close to $110. Disney expects the deal to help it grow internationally. Among the assets that the entertainment giant acquired from 21st Century Fox that will assist in this endeavor include the Dutch-based

The post Disney Stock Squeaks and Drops After Closing $71 Billion Fox Deal appeared first on CCN

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