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.

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Companies

Symbol Name Price Change % Volume
NFLX Netflix Inc. 266.84 -9.18 -3.33 9,915,319 Trade
FOXA Twenty-First Century Fox Inc. 49.06 -0.08 -0.16 10,875,390 Trade
CMCSA Comcast Corporation Class A Common Stock 36.34 -0.42 -1.14 18,147,139 Trade
AMZN Amazon.com Inc. 1,591.91 -66.47 -4.01 6,367,163 Trade
DIS The Walt Disney Company 112.20 -1.19 -1.05 7,602,301 Trade

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