Disney is one step closer to taking on Netflix

Disney is one step closer to taking on Netflix

6 years ago
Anonymous $dicfOfy7s2

https://qz.com/1342321/disney-and-21st-century-fox-shareholders-agree-to-merger/

Shareholders from Disney and 21st Century Fox voted to approve Disney’s $71.3 billion offer to purchase Fox’s major film and television studios today (July 27), a blockbuster deal which has been months in the making.

The two companies had all but completed a deal last December, when Comcast submitted an 11th-hour offer to purchase the Rupert Murdoch-owned 21st Century Fox. Disney upped its offer to $71.3 billion, Comcast relented, and the shareholders approved the acquisition price this morning.

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