It’s over folks. We finally have an agreed-upon deal to report on. After months of proposals and counter-proposals from Disney as they aimed to hold off Comcast in pursuit of 21st Century Fox’s entertainment assets, shareholders from Disney and Fox have agreed to approve Disney’s $71.3 billion purchase price. The merger is expected to be officially completed in the first half of next year.
Variety has all the details including official statements from Fox’s Rupert Murdoch and Disney’s Bob Iger. Check out the intro to their report copied below and then take the supplied source link for more.
Shareholders of 21st Century Fox and Disney have voted to approve Disney’s $71.3 billion buyout of major Fox assets.
Shareholders gathered Friday morning at the New York Hilton for separate meetings to vote on the historic transaction that the companies first set back in December. Both meetings were brief, lasting less than 15 minutes.
Gerson Zweifach, general counsel of 21st Century Fox, told Fox shareholders the merger is expected to be completed in the first half of 2019. He hailed the deal as a transformative transaction that will enable us to unlock significant value for our stockholders.”
The Disney gathering was short and perfunctory. Led by Disney general counsel Alan Braverman and CFO Christine McCarthy, the vote took less than 10 minutes and received near unanimous approval from Disney shareholders.
