Disney announced that it is acquiring large portions of 21st Century Fox in a $52.4 billion stock deal. This grants Disney 21st Century Fox's film and television studios, as well as cable and international TV businesses.

Disney now owns X-Men, Fantastic Four, and Deadpool, opening the door for them to be included in the Marvel cinematic universe. The deal also increases the company's stake in Hulu to 60 percent.

According to Ars Technica, 21st Century Fox retains some of its news and sports-broadcasting businesses.

The deal is subject to regulatory approval.

[Source: Disney, Ars Technica] 

Our Take 
The MCU ramifications are certainly exciting, but the media aggregation in the big picture is scary.