Although the deal was expected to close in 2018 and many fans have practically considered it a done deal for nearly a year, Fox confirmed in a tweet Tuesday that it has completed the distribution of all issued and outstanding shares with Disney.
Former House speaker Paul Ryan has landed his first post-Congress job as a board member for Fox, the new parent company of Fox News.
Meanwhile, Aragon Global Holdings founder Anne Dias, Media Ventures CEO Roland Hernandez, and Formula 1 chairman Chase Carey will be on the Fox board.
The larger implications of this deal are not entirely known although Fox News and sports channels will not be included in the acquisition.
The new Fox will be led by Murdoch's elder son, Lachlan, and will focus largely on sports and news - two forms of programming that have held up well in the ratings despite fewer people watching television.
Gunman opens fire on Dutch tram, several hurt
Police spokesman Joost Lanshage said: 'Several shots were fired in a tram and several people were injured. Think your friends would be interested? There was no immediate confirmation on that from Dutch police.
The former Republican congressman decided not to seek re-election after serving as House speaker since 2015.
Disney won a bidding war past year against cable company Comcast Corp to acquire Twenty-First Century's film and TV assets.
It plans to launch its new streaming service Disney Plus later this year as it challenges Netflix for future audience share.
In an official statement, Fox Corp. "With a growing number of viewers watching scripted dramas and comedies on a delayed basis, Fox is seeking to have more commercials that reach consumers with greater immediacy", according to James' report.
However because comic book characters weren't always the box office golden gooses they are today, Marvel had decades earlier licensed many of its intellectual properties out to several different studios - some of which Disney has been unable to regain.