"This transaction is likely to be a landmark case, and which will give way to case law in the media and television markets." PPU had been providing counsel on the case since May 2018. Commenting on the acquisition, which closed on March 20, 2019, Robert A. Iger, Chairman and Chief Executive Officer at The Walt Disney Company, said: "This is an extraordinary and historic moment for us, one that will create significant long-term value for our company and our shareholders." "Combining Disney's and 21st Century Fox's wealth of creative content and proven talent creates the preeminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era," he added. PPU's team was led by partner Ignacio Larraín and also includes associates Álvaro Espinosa and Gabriel Budnik. The Walt Disney Company is being advised by Covington & Burling and Carey.