on december 14, 2017, after rumors of such a sale, the walt disney company announced that it would purchase fts's parent company, 21st century fox for $52.4 billion, plus the assumption of $13.7 billion in debt by fox, subject to government approval. fts, along with several other assets was spun off into fox corporation, a company owned by the murdoch family. the deal was completed on march 20, 2019.