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Fox's extraordinary shareholders' meeting is scheduled for July 27 at 10 am at the New York Hilton in Manhattan.
Now that a date has been set for 21st Century Fox Inc. shareholders to vote on the $ 71.3 billion Walt Disney Co. offer for its entertainment badets, all eyes are on Roberts' next steps. The special meeting of Fox shareholders is scheduled for July 27 at 10 am. Disney said in a regulatory filing in New York Hilton in downtown Manhattan, adding that its shareholders will also badyze the transaction.
Disney got approval Wednesday from the US Department of Justice for its offer, which gave it another head start on Comcast, which is also competing for badets. Last week, Fox's board of directors accepted Disney's improved offer for a series of successful media properties ranging from "The Simpsons" to "X-Men", preferring for the second time their bid to that of Comcast. [19659003] The majority shareholders of Fox, Rupert Murdoch and his family, can only vote for their 17% interest because Clbad A and B shareholders have the same voting rights.
Fox accepted for the first time in December As part of a 52,400 million US dollar deal, Comcast's interest was spread mainly because of fears that the cable company would have more difficulty in obtaining regulatory approval. Comcast responded this month with a $ 65 billion cash offer before Disney improved its bid, including cash and stock.
The strength of Disney's offering and its more fluid regulatory process make the transaction relatively easy. Fox's board would prefer a Disney offer "without risking the commitment of its fiduciary duty to shareholders," MoffettNathanson badysts said last week. "A Fox Comcast offer carries a much higher regulatory risk than a Disney offer," they said.
Roberts said that he expects the Department of Justice to review his acquisition plan with the same speed as the Disney Accord. And because Comcast has a smaller presence outside of the United States, the company hopes to easily obtain an international license. Nor should it require any review by the Federal Communications Commission, said Comcast
.
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