Deals
Fox Holders Approve Disney Merger and Megadeal Reaches Next Stage
- Some 99 percent of Disney investors bless purchase of Fox
- One attendee praises Murdoch, another says Disney overpaid
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21st Century Fox Inc. shareholders approved the sale of the company’s entertainment assets to Walt Disney Co. Friday, moving one of the biggest media mergers in history nearer to completion.
Both companies’ investors gave their blessings to the $71.3 billion transaction in separate votes at the New York Hilton Midtown in Manhattan. It’s expected to close in the first half of next year, according to Fox. Upon completion, a new Fox will emerge focused on broadcast TV, sports and the Fox News Channel.