The "mega-merger" of Walt Disney-Fox approves two shareholders (Dio)



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"The process of approval of foreign authorities such as the EU and China remains"

The shareholders of both companies ultimately approved the acquisition of Walt Disney's 21st Century Fox film and television business, CNBC reported Monday and other US media.
The two companies held a shareholder meeting on the morning of each morning, and they approved the Disney acquisition to buy Fox's film and television business for $ 71.3 billion (about 79.856 billion won).

CNBC has filed the approval of both shareholders as one of the latest mega-merger agreements.

Disney was approved by the United States Department of Justice to accept Fox at the end of last month.

CNBC said, however, that there is still a process of approval of foreign authorities such as the European Union and China.

Comcast, a giant cable company that fiercely competes with Disney to acquire Fox, has recently abandoned its takeover bid.

Rupert Murdoch, a media conglomerate, said in a statement, "The merger of Disney and Fox (film and television) and the rebirth of a new Fox will open valuable value for our shareholders. " posted

Murdock also said, "We expect the greatest Disney and the new Fox to excel in the entertainment and media industries."

Disney CEO Bob Iger said in a statement that "we will integrate our business so that we can offer more attractive content and entertainment to consumers around the world," Murdoch and the Board of Directors 21st Century Fox. .

It is reported that the acquisition target approved by the shareholders includes 39% of the UK shares held by Sky Sky, already owned by Fox.

The remainder will be acquired by the 21st Century Fox film company, the television studio, the US cable network FX, National Geographic and Star India.

One-third of Hulu's participation in content streaming companies is also included. Fox News, Fox Business and Fox Sports Network are not included.

Fox is fighting for the rest of the stake in Comcast and Sky.

The UK government has approved the acquisition of SKY by Fox on December 12, and it is up to Sky shareholders to accept the proposal now.

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(New York News-Yonhap)

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