Nod for Disney's $73.1B Acquisition of Fox Entertainment

Associated Press |

Image via Michael Mandiberg/Flickr CC

NEW YORK (AP) — Disney's  (DIS) $71.3 billion acquisition of Twenty-First Century Fox's  (FOXA) entertainment division is one step closer after shareholders approves the deal Friday.

The tie-up brings together Marvel's X-Men and Avengers franchises and creates an entertainment behemoth in the digital streaming era. The shareholder vote caps a saga that began in , when Disney made its first offer for part of Rupert Murdoch's media conglomerate. It kicked off a bidding war with Comcast  (CMCSA), which dropped out last week focus on attempted buyout of the European pay-TV operator Sky.

The Fox deal will help Disney compete with technology players like Amazon  (AMZN) and Netflix  (NFLX). The agreement is not expected to close for several months and still requires regulatory approvals.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer.


Discover: Trending Events

United Nations
EU Parliament
Humanity 2.0
World Economic Forum

Companies

Symbol Name Price Change % Volume
NFLX Netflix Inc. 388.54 0.76 0.20 338,084 Trade
FOXA TFCFA Fox Corporation 37.84 0.06 0.15 60,308 Trade
CMCSA Comcast Corporation Class A Common Stock 46.02 -0.13 -0.28 372,941 Trade
AMZN Amazon.com Inc. 2,173.88 18.21 0.84 214,164 Trade
DIS The Walt Disney Company 139.53 0.39 0.28 270,702 Trade

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG

     

World Economic Forum at Davos 2019 - Joseph Weinberg CEO PayCase, Chairman Shyft

Matt Bird sits down with Joseph Weinberg CEO PayCase, Chairman Shyft at the World Economic Forum at Davos 2019