The $71.3 billion Disney/Fox deal has taken one major step to being completed.
CNBC reports both companies' shareholders have now officially approved a deal to allow Disney to purchase Fox's entertainment assets. The deal will include Fox's film and television studios, alongside partial ownership of Hulu, Sky TV, and India's Star. The merger is expected to be completed by the first half of 2019.
Comcast was also interested in purchasing Fox's assets after offering $65 million, forcing Disney to increase its offer to $71.3 billion. However, Comcast has reportedly pulled out of the bidding and are now focusing on acquiring Britain's Sky instead, of which Fox owns 39% percent.
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CNBC reports both companies' shareholders have now officially approved a deal to allow Disney to purchase Fox's entertainment assets. The deal will include Fox's film and television studios, alongside partial ownership of Hulu, Sky TV, and India's Star. The merger is expected to be completed by the first half of 2019.
Comcast was also interested in purchasing Fox's assets after offering $65 million, forcing Disney to increase its offer to $71.3 billion. However, Comcast has reportedly pulled out of the bidding and are now focusing on acquiring Britain's Sky instead, of which Fox owns 39% percent.
Continue reading…
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