Fox is Now Owned by Disney: Deal Gets Green Light to Proceed

Fox is Now Owned by Disney: Deal Gets Green Light to Proceed

5 years ago
Anonymous $dicfOfy7s2

https://wccftech.com/fox-is-now-owned-by-disney-deal-gets-green-light-to-proceed/

Disney (NYSE:DIS) and Fox shareholders have voted yes to the pending $71.3 billion purchase of 21st Century Fox (NASDAQ:FOXA). The move comes just a week after Comcast (NASDAQ:CMCSA) retracted its failed bid of $65 billion dollars to take over the media giant. While Disney is the ultimate winner here, remember their original offer was for $52.4 billion; Comcast ended up costing Disney almost $20 billion.

Disney was able to clear regulatory and anti-competitive pressure by agreeing to sell-off Fox’s local sports affiliates so don’t worry NFL fans, no bouncing mouse animations on your Sunday afternoon football games.