Disney, Fox Shareholders Approve $71.3-Billion Deal
MOVING FORWARD
Disney is a step closer to acquiring 21st Century Fox’s movie and TV studios, as well as its 30-percent stake in Hulu.
Brendan McDermid/Reuters
Shareholders of Walt Disney Co. and Twenty-First Century Fox have approved Disney’s acquisition of Fox’s entertainment assets, including its TV studios, movie studios, and 30 percent stake in Hulu. The shareholders voted Friday in New York. Disney bid $71.3 billion for the Fox assets, beating out Comcast. The Justice Department approved the deal, and international approvals are pending. “Combining the 21CF businesses with Disney and establishing new ‘Fox’ will unlock significant value for our shareholders,” executive chairman Rupert Murdoch said in a statement sent to CNBC.
