Shareholders at Both Disney and Fox Set to Vote on $71 Billion Offer


TWDC-Fox

According to filings with the Securities and Exchange Commission, both The Walt Disney Company and 21st Century Fox have scheduled shareholder meetings on July 27th, where the $71 billion purchase of much of Fox’s assets will be voted on.

This comes a day after Disney received antitrust approval from the U.S. Department of Justice for the acquisition.

Originally, Fox had scheduled a shareholder meeting on July 10th to vote on Disney’s offer, but after Comcast submitted a $65 billion counter offer, that vote was delayed. Disney since responded with their current offer and the vote has been rescheduled

The deal would give Disney control of 20th Century Fox studio and assets, FX Networks, National Geographic Partners, 30% interest in Hulu, and 39% interest in European media company Sky, plus other international operations. Disney would be required to sell off the Fox Sports Regional Networks.

Both meetings will be held on July 27th at 10am in the New York Hilton.



Source: Variety


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