Fox, Walt Disney shareholders approve $71B deal | Fox Business

Disney is nearing completion of a deal for 21st Century Fox entertainment assets.

Walt Disney and 21st Century Fox shareholders approved the media companies’ $71 billion deal at separate meetings Friday, bringing Disney’s acquisition of Fox entertainment assets closer to completion.

Disney announced an agreement to buy a large part of Fox in December, initially offering $52.4 billion for Fox’s film and television studios, among other businesses. After Comcast made a rival bid of $65 billion, Disney raised its offer to $71 billion in cash and stock. Comcast said earlier this month it would cede the bidding war to Disney.

Source: Fox, Walt Disney shareholders approve $71B deal | Fox Business

Leave a Reply