21st Century Fox president Peter Rice addressed employees today in a meeting to discuss how the upcoming Disney merger would affect them, and also revealed that it will take place sooner than some expected. According to Variety, the deal is set to close January 1st, and will lead to employee layoffs regarding jobs that would straddle both companies. But the meeting was also to bolster the spirits of those who will be staying on with New Fox (which is keeping the assets not picked up by Disney) and those who will "move under Disney's umbrella." The article went on …
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