Shareholders approve Fox-Disney deal

The shareholders of Twenty-First Century Fox Inc and Walt Disney Co have voted to approve Disney’s US$71bn purchase of Fox’s entertainment assets.

Last week, rival bidder Comcast dropped out of the running for the assets, announcing that it would not raise its US$66bn all-cash offer and will focus primarily on landing land the 61% of British broadcaster Sky that is not already owned by Fox.

Disney still requires approval from a number of countries, including China, Russia and regulators from the European Union.

The Fox assets up for sale include a cable group with FX Networks, National Geographic and 300-plus international channels, as well as Fox’s stake in Hulu.

Other News

Published on 17.10.2018
Published on 17.10.2018
Published on 17.10.2018
Published on 17.10.2018