Deals
Fox Sets Date for Disney Vote, Putting Pressure on Comcast
- Shareholders urged to vote for Disney bid in July 10 meeting
- James Murdoch says Disney offer has better chance of closing
Comcast Steps Up Fight With Disney Over Fox Assets
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Twenty-First Century Fox Inc. set a date for shareholders to vote on its $52 billion plan to sell assets to Walt Disney Co., essentially creating a deadline for rival suitor Comcast Corp. to make a formal offer.
Fox scheduled the special shareholder meeting for July 10, but said it may postpone the gathering should another “event” require additional time, according to a statement Wednesday. Fox is recommending that investors vote in favor of the Disney merger.