Disney & Fox Shareholders Approve $71.3 Billion Merger

Disney & Fox Shareholders Approve $71.3 Billion Merger

Shareholders for both The Walt Disney Co. and those for 21st Century Fox voted on Friday to approve the $71.3 billion acquisition of Fox's film and TV entertainment assets by Disney.

Regulators in the USA have already approved the plan, but it still needs the go-ahead in many other countries. Disney expects to pay a total of about $35.7 billion in cash and issue approximately 343 million New Disney shares to 21st Century Fox stockholders.

Disney (DIS) will get Fox's (FOXA) movie studio, which includes franchises like "Avatar" and "X-men", along with cable channels like FX and National Geographic.

The meetings, held separately at the New York Hilton, each lasted less than 15 minutes, ending a saga that officially began in mid-December when Disney finalized its initial $52.4 billion stock offer for Fox. In an agreement with the U.S. Department of Justice, Disney, which owns sports network ESPN, said it would divest 22 of Fox's regional sports networks.

Only time will tell how Disney plans to make use of Fox's assets, but based on the former's acquisitions of other major entertainment studios, significant changes could be coming to the way Fox does business in the future.

US Threatens Sanctions on Turkey If Jailed American Pastor Not Freed
Brunson's trial is one of several legal cases that have raised tensions between Washington and Ankara. It said Brunson's defence had been completed and evidence for the case was nearly all collected.

FCA's CEO Marchionne replaced immediately due to serious health issues
Ferrari announced Louis Camilleri , a longtime executive at Philip Morris International , to replace Marchionne as Ferrari's CEO. From 2015, he also led Ram , producing big pick-ups and vans under the Chrysler badge after it and Fiat had merged in 2014.

Trump claims ex-lawyer's phone recording 'perhaps illegal'
Trump and Giuliani's strategy is "flawed; just as Trump's false Twitter statement made against Cohen this morning", Davis said. Giuliani said it was less than two minutes long and that Trump was not aware that the call was being recorded.

That should help strengthen Disney's content offering even more as it prepares to launch its standalone streaming service next year. Completion of the transaction is subject to a number of non-U.S. merger and other regulatory reviews, and other customary closing conditions.

The two companies continue to vie for satellite broadcaster Sky.

Comcast chairman and CEO Brian Roberts on Thursday said that a quickly rising price in the showdown with Walt Disney for big parts of 21st Century Fox caused the cable giant to drop out of the bidding.

The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company with operations in four business segments: Media Networks; Studio Entertainment; Parks, Experiences and Consumer Products; and Direct-to-Consumer and global.

Related news:

Hot News

isis-killer-beheading-video-story-top Body of Irish man missing in Greek wild fire found
Jul 27, 2018 - 11:16
The Greek national fire department said Thursday morning that the death toll from the fire that broke out Monday night was 82. Winds of more than 100km/h in Mati caused a "sudden progression of fire" through the village, said Stavroula Maliri.

isis-killer-beheading-video-story-top Rare Celestial treat: Longest total Lunar Eclipse of century falls tomorrow
Jul 27, 2018 - 10:31
You can watch it online with The Virtual Telescope Project or Slooh . "It will be visible from 9:30.p.m. and last till 11:22 p.m". In Singapore, this lunar event is expected to start from 1.14 am and end at 5.13am, with the total eclipse at 3.30 am.

isis-killer-beheading-video-story-top Teenager Emile Rowe dazzles in Arsenal loss
Jul 27, 2018 - 10:03
Teenager Emile Smith-Rowe levelled the scores when he cut in from the left, beat two defenders and curled his effort past Adan. Luciano Vietto grabbed the opening goal for Atletico just before the break in a first half which Arsenal dominated.

isis-killer-beheading-video-story-top Conor McGregor Strikes Plea Deal, Felony Dropped, Gets Anger Management
Jul 27, 2018 - 10:03
He was also ordered to pay restitution for his role in the bus incident that injured two UFC fighters traveling on the vehicle. There were also three protections orders served against McGregor, two of them by UFC fighters Ray Borg and Michael Chiesa .

isis-killer-beheading-video-story-top Can Mexico's new leader reset relations with Trump?
Jul 27, 2018 - 10:02
The United States has imposed a 30-per-cent safeguard tariff on imports of solar panels from all countries, including Canada. Seade and Economy Minister Ildefonso Guajardo will later this week travel to Washington to revive NAFTA talks with U.S.

isis-killer-beheading-video-story-top Trump considering revoking security clearances of critical ex
Jul 26, 2018 - 03:37
As a technical matter, he might have to order the agencies that granted the clearances to terminate them. At least two of the former officials, McCabe and Comey, do not now have security clearances.

isis-killer-beheading-video-story-top 'Game of Thrones' Final Season Premiere Details & Prequel News Revealed!
Jul 26, 2018 - 03:00
While attending TCA , Bloys also stated that the final season of GAME OF THRONES will premiere during the first half of 2019 . The others "aren't happening", according to Deadline . "And for a show to arouse that kind of feeling, that's what we want".

isis-killer-beheading-video-story-top Met Office issues thunderstorms warning for the North East
Jul 26, 2018 - 02:41
Speed restrictions were also introduced by Northern on Tuesday and Greater Anglia on Monday because of the soaring temperatures. She said the climbing temperatures are due to warm air coming up from France combined with high pressure across the country.

isis-killer-beheading-video-story-top Demi Lovato overdose not caused by heroin
Jul 26, 2018 - 02:09
Joe Jonas and Demi Lovato , seen performing together in 2016, have remained friendly after their 2010 romance. Demi has admitted in the past that she took cocaine for the first time when she was just 17 years old.

isis-killer-beheading-video-story-top Suspect arrested in Oakland train station stabbings
Jul 26, 2018 - 01:00
Letifah Wilson told KGO-TV that the suspect "was wiping off his knife and stood at the stairs and just looked" after the attack. Video surveillance indicates that Cowell allegedly entered the parking structure at the station and discarded his clothes.

isis-killer-beheading-video-story-top Paul Ryan: Trump's security clearance threats amount to 'trolling'
Jul 25, 2018 - 02:31
Two officials on her list - Comey and McCabe - no longer have security clearances, people familiar with the matter said. Sanders accused the former officials of "monetizing" thier security clearances and using them to play poltiics.

isis-killer-beheading-video-story-top Israel Attacks Syria with New American Missiles
Jul 25, 2018 - 02:03
They were then taken to Jordan and will be resettled to western nations including France, Britain, Germany, and Canada. On Saturday, Russian air strikes killed six civilians in that IS-held pocket, the Observatory said.

isis-killer-beheading-video-story-top Sanders and new Democratic star Ocasio-Cortez wade into GOP-heavy Kansas
Jul 25, 2018 - 01:55
He won more than two-thirds of the votes in the state's 2016 presidential caucuses, surpassing Barack Obama's 2008 vote total. And Democratic Socialist candidates are popping up across the country. "I'm not 'Republican lite, '" he said.

isis-killer-beheading-video-story-top PM Modi to gift 200 cows to this country
Jul 25, 2018 - 01:16
Political analysts say the Africa visits by Modi and Xi are evidence of competition between the Asian giants for strategic space. Chinese President Xi Jinping and Rwanda's President Paul Kagame address a news conference in Kigali, Rwanda July 23, 2018.

isis-killer-beheading-video-story-top Smartphones with 48-megapixel cameras are coming
Jul 25, 2018 - 01:04
Better dynamic range means that pictures with both bright and darker areas should have more detailed highlights and shadows. However, the new sensor, called IMX586, counters that effect with the introduction of a Quad Bayer color filter.