The Fox-Tezuka Merger took place on January 31, 2019.


Early Information

On August 12, 2017, ABC News reported that Fox Corporation was in talks with James R. Tezuka to merge and acquire Tezuka Entertainment Group, including their film, television, publishing, and other entertainment assets. According to Fox's CEO, Rupert Murdoch, the idea of purchasing Tezuka Entertainment Group came after Fox launched their streaming service called FOX+ in late 2016, and Las Vegas approved Fox's new theme park called Fox Entertainment Resort in early 2017.

The merger will also includes rights to franchises from Capcom, Tezuka Productions, Rovio, Tatsunoko Productions, Maurício de Sousa Productions, and other assets.

And this will also including their joint-venture company Fox-Tezuka Studios.

On September 1, 2017, it was reported that Viacom, Disney, and Google has also joined the bidding-war for Tezuka Entertainment.

Bidding War Between Viacom and Fox

On December 16, 2017, it was reported that Viacom spoke to investment banks about topping Fox's offer to acquire Tezuka.

Several Tezuka investors said they would be open to terminate the company's agreement with Fox if Viacom followed through on its plan to launch a rival all-cash bid for $60 billion.

The following week, Viacom publicly announced it was looking into making an all-cash counter-offer for Tezuka Entertainment that Fox proposed to acquire. Shortly after, it was reported that Fox was looking into making its own all-cash counter-offer for Tezuka if Viacom went through with their offer.

The next day, Fox and Tezuka announced they had set their shareholder vote meetings for January 2, 2018, although both said Tezuka's meeting could be postponed if Viacom came through with their offer.

On December 31, Disney was given approval by District Judge Richard J. Leon to acquire Lionsgate Entertainment, easing concerns Viacom had regarding whether government regulators would block their bid for Tezuka. Consequently, the next day, Viacom mounted a bid of $65 billion for Tezuka Entertainment that were set to be acquired by Fox.

On January 11, 2018, it was reported that Fox will add to its already existing $52 billion claim to contest Viacom's proposed counter-offer for Tezuka.

On January 20, 2018, Fox and Tezuka announced they had amended their previous merger agreement, upping Disney's offer to $71.3 billion, while also offering shareholders the option of receiving cash instead of stock.

On January 29, 2018, the United States Department of Justice gave antitrust approval to Fox and Tezuka.

On February 3, 2018, Viacom officially announced it was dropping its bid on Tezuka.

Road to Completion

On February 9, 2018, the European Commission approved the Fox-Tezuka merger under the condition of Fox selling their 50% interest of the Endemol Shine Group to another company within 90 days of closing if the merger was completed, to which the company has agreed.

On February 12, 2018, Japan's regulators approved the Fox-Tezuka merger, After obtaining approval from Japan, Fox said it still needed to obtain regulatory approval from several other regulators, such as India, Brazil, and China.

On April 16, 2018, China's regulators approved the merger without any conditions.

On May 21, 2018, it was reported that the deal is expected to close by either late 2018 or early 2019.


On June 18, 2018, Fox announced a new organizational structure for Fox Entertainment Group and the individual unit heads who would join the company.

On June 26, 2018, Fox and Tezuka announce that they will be re-branding into Fox-Tezuka Entertainment Group after the merger was completed.

On July 14, Fox announced a new organizational structure for its international operations and the individuals who would join the company.

On August 5, Fox and Tezuka announced that the merger will be completed on November 1, 2018, however it got delayed to January 31, 2019 due to protests.

Fox Studios Protests

Main Page: Fox Studios Protests

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On January 31, 2019, The merger was completed and Fox Corporation and Tezuka Entertainment Group was re-branded to Fox-Tezuka Entertainment Group.

On February 6, 2019, Fox-Tezuka announced that Osamu Tezuka Film Distribution will be folded into 20th Century Fox and its assets will be ether folded, sold, discontinued, or becoming new units.

It was reported on February 19, 2019 that Fox-Tezuka would selling their 30% stake of Hulu to Viacom in order to focus more on FOX+.

On March 5, 2019, Fox-Tezuka announced that they are planning to make films and TV series based on Tezuka's properties.

On March 31, 2019, Rupert Murdoch announced that he will be stepping down as CEO of Fox-Tezuka causing James R. Tezuka to became the new and current CEO of Fox-Tezuka.

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