Sunday July 29, 2018

Disney, 21st Century Fox Shareholders Vote to Approve $71.3 Billion Merger

21st Century Fox and Disney shareholders have voted to approve the latter’s $71.3 billion buyout of major Fox assets, paving the way to a merger that should be completed in the first half of 2019. While Comcast had been in the running, Fox ultimately decided to hand over the 20th Century Fox studio, FX Networks, National Geographic Partners, and other entertainment assets to Disney.

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During the discussion preceding the vote, only one shareholder -- who identified himself as an economics professor at Duquesne University — protested, simply saying "I think we are overpaying for Fox." Another asked if Disney had plans to move its headquarters outside of Burbank, Calif.

Discussion