Disney & Fox Shareholders Approve $71.3 Billion Merger

Disney makes it official: Fox is moving to the mouse house

As a result of the Fox acquisition, Disney will have a controlling stake in Hulu, with Comcast's NBCUniversal and AT&T's Warner Media splitting the rest.

The shareholders' approval puts the historic Disney-Fox deal back on track, after it suffered setbacks following a heated bidding war with Comcast, which derailed talks with its $65 billion cash bid. I want to thank all of our executives and colleagues for their enormous contributions in building 21st Century Fox over the past decades.

21st Century Fox is one of the world's leading portfolios of cable, broadcast, film, pay TV and satellite assets spanning six continents across the globe.

"We are extremely proud of the businesses we have built at 21st Century Fox, and firmly believe that this combination with Disney will unlock even more value for shareholders as the new Disney continues to set the pace at a dynamic time for our industry", said Rupert Murdoch, Executive Chairman of 21st Century Fox.

Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network and its sports channels FS1, FS2, and the Big Ten Network into a newly listed company that it will spin off to its shareholders. In the end, both companies are predicting the deal will close sometime during early 2019. But Disney agreed to sell those separately to help ensure regulatory approval for the merger. Let us know in the comment section before Disney acquires us as well!

Netflix announced it will spend over $8 billion this year to boost its program inventory to better compete with Disney's new service, scheduled to launch next year. Post-Fox, Disney studio chief Alan Horn will have to make choices about which newly acquired franchises to greenlight, including "Avatar", "Planet of the Apes" and "Alien", all of which could also be ripe for expanded merchandise and theme-park attractions.

But still. X-Men in an Avengers film.

In addition, the company said in a recent filing it may need consent from regulators in 14 countries and the European Union.

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