California-based mass media and entertainment company Disney is nearing to close its $71 billion purchase of peer 21st Century Fox America, a unit of Twenty-First Century Fox Inc.

The deal will lead to Disney gaining control of 20th Century Fox film and TV studios, Fox Television Group, along with cable channels such as FX, international networks, a 73 percent stake in National Geographic Partners, Star India and Blue Sky Studios.

More so, Disney will take a 50 percent stake in Endemol Shine Group, a 30 percent stake in Tata Sky, and a 30 percent stake in Hulu, bolstering its stake in the streaming service to 60 percent.

The other remaining parts of 21st Century Fox will be spun off into the new Fox Corp., this includes the Fox broadcast network, Fox News and Fox Sports. The deal is expected to close on March 20.