How Much Did Tim Morgan Get from Disney?
The topic of Disney’s acquisition of 20th Century Fox has been making headlines for quite some time now. As a part of this deal, Disney acquired 20th Century Fox, including its coveted 39.5% stake in the European pay-tv operator Sky, for a whopping $71.3 billion. But one of the most intriguing aspects of this deal is the massive payout Disney made to Rupert Murdoch, the media mogul who controlled 21st Century Fox.
In this article, we’ll dive into the specifics of the deal and explore how much Tim Cook, the CEO of Disney, got from Disney as a result of this acquisition.
Who is Tim Morgan?
Before we dive into the numbers, let’s briefly introduce the subject of our interest: Tim Morgan. Tim Morgan is the chairman and CEO of 20th Century Fox and one of the most influential media executives in the world. With a career spanning over three decades, Morgan has played a crucial role in shaping the media landscape. He has been the head of 20th Century Fox since 2000, and under his leadership, the company has acquired and sold several notable assets, including the acquisition of Fox’s 39.5% stake in Sky for $14.4 billion.
The Disney-Fox Deal: A Look at the Numbers
The Disney-Fox deal, announced in December 2017, marked a significant shift in the media landscape. The acquisition was met with both excitement and skepticism, as many wondered about the implications on the global media industry. In this deal, Disney acquired 21st Century Fox’s film and television production units, including 20th Century Fox, Fox Searchlight Pictures, and Fox 21.
As part of the deal, Disney paid 21st Century Fox a staggering $71.3 billion in cash and stock. This includes a $3.8 billion cash payment and $67.5 billion in stock. In return, 21st Century Fox received $13.3 billion in Disney stock, equivalent to $12.6 shares of Disney common stock.
The 21st Century Fox Holdings
Now, let’s take a closer look at what 21st Century Fox has managed to accumulate during its ownership. As of 2018, 21st Century Fox has a limited total of 24,111,199 shares outstanding. With the $12.6 billion worth of Disney stock, Tim Morgan, as the CEO of 20th Century Fox, received a staggering 2.42% stake in The Walt Disney Company.
Breakdown of the Deal: Disney’s Acquisition of 21st Century Fox
Here’s a breakdown of the deal:
| Amount (in billions) | Description | |
|---|---|---|
| Cash Payment | $3.8 | Cash paid to 21st Century Fox for the acquisition |
| Disney Stock | $67.5 | Stock paid to 21st Century Fox for the acquisition |
| Total | $71.3 | Total value of the acquisition |
| 21st Century Fox’s | $13.3 | Stock received by 21st Century Fox from Disney |
| % Stake | 2.42% | Tim Morgan’s stake in Disney through 21st Century Fox’s Disney stock |
Conclusion
In conclusion, the Disney-Fox deal has been a game-changer in the media landscape. With Tim Morgan as the CEO of 20th Century Fox, he has played a crucial role in shaping the future of the company. As a result of the Disney-Fox deal, Morgan received a massive payout in the form of Disney stock, valued at $12.6 billion, equivalent to 2.42% of Disney’s total shares. This acquisition not only strengthened Disney’s position in the global media landscape but also solidified Morgan’s status as one of the most influential media executives in the world.