Walt Disney buys Fox for $52bn

Disney has agreed to buy Fox Entertainment for $52.4 billion creating a media empire with a remarkably diverse portfolio of assets, from film studios, via cable television channels to intellectual property rights and so on and so on.

It's horizontal/vertical and conglomerate integration all in one, I guess, and as the article suggests, might be an attempt to position the company for future battles with other media/web behemoths like Amazon and Facebook.

According to Statista, "With a combined domestic box office market share of 28 percent since 1995, Disney including 20th Century Fox will be nearly twice as large as its strongest competitor Warner Bros."