The Walt Disney Company has acquired outstanding shares of Jetix Europe for €11 per share, taking its majority ownership to 96%.

Disney confirmed that one of its subsidiaries had entered into an agreement to acquire the additional Jetix Europe shares in order to expand its kids and family media business in Europe. The deal is expected to take place by the end of the year and Disney is expected to eventually obtain 100% ownership of the broadcaster.

Disney said the acquisition would enable it to offer improved programming, more targeted branding and more integrated management. “By achieving operating efficiencies, we will have additional opportunities to create more family-friendly programming and locally-produced content across Europe,” said Anne Sweeney, co-chair, Disney Media Networks and president, Disney-ABC Television Group.