Saturday, 28 July 2018

Shareholders approve Fox Walt Disney deal

Shareholders have signed off on Walt Disney's plan to buy the film and television assets of Rupert Murdoch's 21st Century Fox for $71bn (£54bn).

The approval, which had been expected, bring the merger one step closer to completion.

Regulators in the US have already approved the plan, but it still needs the go-ahead in many other countries.

The companies said last December they hoped to complete the deal in 12-18 months.

Disney had faced competition from US cable giant Comcast for the Fox assets, but Comcast retreated after Disney raised its bid last month.
The two companies continue to vie for satellite broadcaster Sky.

BBC     News.

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