Disney’s Fox Deal: What We Know and What We Still Want to Know

Walt Disney Co. is expected to announce the acquisition of a large chunk of 21st Century Fox Inc. on Thursday. The deal is the biggest ever for Disney and a significant milestone in the long career of Australia-born media mogul Rupert Murdoch.

Disney will pay $28 to $29 a share in an all-stock deal for Fox businesses including a movie studio, cable channels and international assets, according to a person familiar with the matter. That values the remaining Fox holdings at $11 to $12 a share, the person said. The Wall Street Journal reported the figures earlier Wednesday.