The Walt Disney Company and Twenty-First Century Fox, Inc. (21st Century Fox) today announced that they have entered into a definitive agreement for Disney to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses.

That means popular entertainment properties including X-Men, Avatar, The Simpsons, FX Networks and National Geographic are all joining Disney’s family thanks to the acquisition of 21st Century Fox’s film and television studios, cable entertainment networks and international TV businesses.

The sale comes for approximately $52.4 billion in stock and per Disney aims in continuing to build on Disney’s commitment to deliver the highest quality branded entertainment. The move also expands Disney’s direct-to-consumer offerings with addition of 21st Century Fox’s entertainment content, Hulu becomes a controlling interest.

Also, as part of the massive undertaking, Robert A. Iger will remain Chairman and CEO of The Walt Disney Company through 2021.