Shareholders approve Disney's $71.3 billion acquisition of Fox

Disney makes it official: Fox is moving to the mouse house

In the deal, The Walt Disney Company will acquire significant portions of 21st Century Fox, including the 20th Century Fox film and TV studios, the Fox cable TV networks and various worldwide assets. Both companies' investors reportedly approved in separate votes at the New York Hilton Midtown in Manhattan.

According to Variety, the voting was nearly entirely unanimous, with only a single individual voicing his concern that Disney's $71.3 billion offer was too high.

Shareholders of both companies today gave the go-ahead for the move and why wouldn't they?

Now the latest development of shareholder approval clears the path for the Disney-Fox deal to be finalized in early 2019.

Disney hopes the Fox acquisition will make it more competitive with online rivals such as Netflix, by giving it more shows and movies, as well as a bigger stake in the online streaming service Hulu.

Yankees Acquire JA Happ In Trade With Blue Jays
Two years later, the Cubs flipped McKinney, Gleyber Torres , Rashad Crawford and Adam Warren to the Yankees for Aroldis Chapman . A rival evaluator said he still projects as an everyday player because of his above-average hitting ability and average power.

The two companies continue to vie for satellite broadcaster Sky.

Disney's cash and stock offer has already received approval from U.S. regulators.

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

Fox, on the other hand, will hold on to a portfolio of news, sports and broadcast businesses, including the Fox News Channel, Fox Business Network, Fox Broadcasting Company, Fox Sports, Fox Television Stations Group, and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network, and certain other assets. Post-Fox, Disney studio chief Alan Horn will have to make choices about which newly acquired franchises to greenlight, including "Avatar", "Planet of the Apes" and "Alien", all of which could also be ripe for expanded merchandise and theme-park attractions.

Disney has received clearance to buy the Fox assets from the U.S. Justice Department, but was also awaiting the approval of the Federal Communications Commission.

Related News:



Most liked

Manchester United refuse to pay £50m for Tottenham star Toby Alderweireld
His preseason tour of the United States has featured no shortage of moaning about how bad this trip has been for his club. He was the main force at the Leicester defence during the 2017/18 campaign, playing every minute of the British top tier.

LeBron James' "The Shop" will debut on HBO in August
In fact, Beasley was a teammate of James's on the 2013-14 Heat, and he described the four-time NBA MVP as "like my older brother". For Beasley, these are guys that are judged more for moments that don't have to do with basketball and he wants that to stop.

Egyptian zoo ‘paints donkey’ to look like zebra
In another case of animal trickery, a zoo in China annoyed visitors by trying to pass off a hairy dog as a lion in 2013. This particular "zebra" for example, lacked the distinctive mane and long ears associated with the African animal.

Priyanka Chopra And Nick Jonas Engaged? What Will Aunties Say, Worries Twitter
A source told People magazine : 'His friends and family have never seen him like this, and they're all really excited for him. Of late, there has been a lot of buzz about Priyanka and Nick as they are regularly spotted hanging out with each other.

Donald Trump threatens North Atlantic Treaty Organisation ally Turkey with sanctions over detained USA pastor
US Secretary of State Mike Pompeo said in May: "Any time sanctions are put in place, countries have to give up economic activity". Mr Pompeo, who is also an evangelical, hosted the summit - the first of its kind to be held at the state department.

Putin’s Not So Sure He Wants to Meet With Trump in Washington
And he called for Russian Federation to respect principles it claims to respect and "end its occupation of Crimea". "Yes, I did. Because he talked about bringing the US-Russia relationship back to normal".

Pakistanis head to the polls despite interparty, militant violence
Election officials reminded candidates their results will be nullified if the female voter turnout didn't reach 10 per cent. Voting began at 8 am (local time), during which most of Pakistan's almost 106 million people came out to cast their votes.

USDA commits $12B for farmers, ranchers affected by tariffs
He's felt the impact of the trade wars directly as milk prices plummeted again this year following a long downward slide. They also agreed to increase trade in services and agriculture, including greater U.S. soy bean exports to the EU.

Trump suggests cutting all tariffs ahead of key meeting with EU
Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs. About one out of every three rows of US soybeans is shipped to China, according to estimates.

Pundits Question Whether Trump Team Leaked News of Bombshell Tapes
He also asserted, without elaborating, in post: "The good news is that your favorite President did nothing wrong! ". Trump's campaign had said it knew nothing about any payment to ex-centerfold Karen McDougal .

Xiaomi unveils Mi A2 and Mi A2 Lite with Android One
Under the hood, you'll find a Snapdragon 625 at 2GHz; you can choose between 3GB RAM with 32 GB of space, and 4GB RAM with 64GB. Xiaomi Mi A2 gets dual rear cameras , a combination of 12MP primary Sony IMX486 sensor and a secondary 20MP Sony IMX376 sensor.

United make £70m decision as Chelsea, Spurs target Anthony Martial
We don't have a team to play much better than we did but it's one more training session". That's the big question on every fans' lips as they enter the new season.

Multiple people shot at Danforth and Logan Aves
"This is an attack against innocent families and our entire city", Toronto Mayor John Tory said in a city council meeting Monday. Meanwhile, John Tulloch, another witness, said that he was getting out of his vehicle on the Danforth when he heard the gunshots.

American swimmer Ryan Lochte banned for 14 months over doping violation
Ryan Lochte addressed the media on Monday afternoon at a news conference following the announcement of his 14-month suspension. His latest ban runs until July 2019 having been backdated to 24 May, the date he received the prohibited intravenous infusion.

Johnny Manziel traded to Montreal
The Als have been held to 10 points or under in three of those five games while scoring a total of only 69 points. The quarterback has reportedly been traded from the Tiger-Cats to the Montreal Alouettes , according to TSN.