Development News Edition
Give Feedback

Fox shareholders votes to approve Walt Disney's $71 billion deal

Twenty-First Century Fox Inc said on Friday its shareholders voted to approve Walt Disney Co's $71 billion purchase of its film and television assets.


Reuters 27 Jul 2018, 02:27 PM

Twenty-First Century Fox Inc said on Friday its shareholders voted to approve Walt Disney Co's $71 billion purchase of its film and television assets.

Results were announced at a special shareholders' meeting held in New York.

Disney was forced to sweeten its offer last month after Comcast Corp, the largest U.S. cable company, made a $66 billion bid for Fox's well-known TV shows and movie franchises, including the "X-Men" and "The Simpsons."

The bidding between Comcast and Disney was part of a bigger battle in the entertainment industry as media companies spend tens of billions of dollars on deals to compete with Netflix Inc and Amazon.com Inc.

 

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


add banner

LEAVE COMMENT