THE FOX AND THE MOUSE

Australian born media tycoon Rupert Murdoch has agreed to sell some of his most significant assets, shrinking his empire and refocusing attention on its news business.

The $66 billion deal will have Disney takeover 21st Century Fox assets including film and television studios, cable entertainment networks, and international TV businesses, according to Reuters. Disney is attempting to compete with digital content providers like Amazon and Netflix, and the deal will allow the company to gain access to franchises like Avatar and The Simpsons.