Disney's $71.3 billion acquisition of Fox's entertainment assets closed around 12 a.m. ... One year after the Walt Disney Co. announced the $71.3 billion merger, it's official. The deal, which closed Wednesday at 12:02 a.m. Eastern time, reshapes the media landscape and makes Disney an even greater entertainment behemoth.1 day ago
Disney-Fox Entertainment Merger Is Official In $71.3 Billion Deal : NPR

https://www.npr.org/2019/03/20/705009029/disney-officially-owns-21st-century-fox
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hmm now i know why is going the other direction

This is what has been reported ....

Fox News is not going to be part of Disney. As part of the Disney-Fox merger, 21st Century Fox will spin off Fox News, Fox Business, and the Fox broadcasting network into a new, separately traded company. ...