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Report: Disney to lease Fox lot in LA

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Report: Disney to lease Fox lot in LA

Walt Disney Co. will lease 21st Century Fox Inc.'s studio lot in the Century City neighborhood of Los Angeles for seven years as part of its deal to acquire most of the latter's assets for roughly $52.4 billion, Variety reported, citing insiders who attended a Dec. 14 meeting with 21st Century Fox President Peter Rice.

Disney will acquire Fox's film and television studios as part of the all-stock deal.