On December 14, 2017, The Walt Disney Company announced plans to acquire then-parent company 21st Century Fox for $52.4 billion, which included key assets such as the regional Fox Sports Networks (which were later sold by Disney to the Sinclair Broadcast Group), FX Networks Group (which had previously aired sports-related programming), and Fox Sports International. Under the terms of the proposed acquisition, Fox Sports 1, Fox Sports 2, and other assets were spun off into the division's current parent company, which is independently owned by 21st Century Fox's current shareholders.