The purchase of Fox by Disney for 71.3 billion US dollars, approved by shareholders

Disney's purchase of Fox's $ 71.3 billion approved by the shareholders

Walt Disney and 21st Century Fox voted in favor of the $ 71.3 billion bid on July 27 after the American Comcast announced that it was pulling out of the race.

The agreement will include, among other things, twentieth-century Fox movie and television studios, the 30% share of the Hulu streaming service (partly owned by Comcast and Time Warner) – thus taking control of the majority of a Netflix competitor – Star India, FX TV networks and National Geographic, as well as 39% of British British Broadcasting Group – BSkyB pay-TV

.The transaction also allows to control a vast catalog of productions such as "Star Wars, Avatar, Deadpool and The Simpsons."

Separately, Comcast and 21st Century Fox challenged the British pay-TV company Sky Plc, so two weeks ago, Comcast increased the number of TV stations in the world. Sky Plc bid for $ 34 billion, after the formerly 21st Century Fox Inc. $ 32.5 billion

Initially, Disney offered $ 52.4 billion for Fox, but Comcast raised the issue Is offering 65 billion dollars, eventually reaching $ 71.3 billion

In June, the US court told Disney that for this transaction to be validated, it had to sell 22 Fox sports channels. The measure must be taken to comply with the rules of competition and to avoid raising tariffs, said the US Department of Justice in a statement

Disney said in a separate statement that & # 39; He accepted this condition and that he The Fox-Disney transaction will end more than five decades of expansion of Rupert Murdoch, the 86-year-old media mogul, who shot an Australian newspaper that Inherited his father at the age of 21, in a media and entertainment empire.

After the agreement, Murdoch will remain the owner of "New Fox", including the Fox News Channel, Sporting FS1 and FS2 and Fox Business Network

Media mogul Rupert Murdoch is the founder and president of the News Corporation media group. The News Corporation has completed its project to split the editorial division of entertainment activities into different companies by the end of June 2013.

The Cinema and Television Division – including 20th Century Fox Studios, the Television Network Fox and Post Fox News – Separated from news and press activities of News Corp.

From News Corp. including the US Wall Street Journal and the New York Post, but also the Sunday Times and the Sun, as well as HarperCollins publishers.

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