Disney and 21 Century Fox Shareholders Agree Merger


Shareholders met today at the New York Hilton to vote on the potential merger. There were separate but simultaneous meeting for both companies. Fox’s meeting was kept to about 50 major shareholders, where Disney’s was a bit larger

Shareholders from both Disney and 21st Century Fox have voted to approve the merger between the two companies. Disney will buy out Fox’s movie and television studios and other assets that include a 30% stake in the Hulu streaming service, at about $71 Billion price tag. Disney already owned roughly a 1/3 stake of Hulu prior to this deal, so now it gives them a 2/3 stake in the streaming service.

Gerson Zweifach, general counsel of 21st Century Fox, indicated to their shareholders that the merger should be completed within the first half of 2019.

It looks like the deal is a go as Disney has already got provisional approval for the purchase. But, they must sell off Fox’s regional sports networks within 90 days of closing.

What’s really interesting is that so far this year the two companies controlled almost 50% of the box office and now Disney will control all of that.

What do you think? Comment and let us know!

Sources: Variety, CNBC


Wanna go to Disney?
We recommend Academy Travel, a Disney Diamond Earmarked agency. Walt Disney World, Disneyland, Disney Cruise Line, Adventures by Disney, Universal Orlando Resort, Sea World and more -- they can do it all, and at no extra cost to you! Fill out the form below or call 609-978-0740 today!

If staying on property, which hotel would you prefer to stay at? Or you can specify Value, Moderate or Deluxe.
Packages offer guests an alotted amount of meal credits plus 2 snack credits per day, plus refillable Resort mug for each guest. Please note this is an upcharge.
How many days will you be spending in the Parks?
Adding Park Hoppers to your Walt Disney World tickets allows you to visit more than one Disney park in one day. Please note that this is an upcharge.
Admission to the Water Parks are not included in base ticket option. Please note that this is an upcharge.
If you plan on participating in a runDisney event during this trip, please let us know!
If you have booked a vacation with an Academy Travel agent in the past, please let us know who. If not, please leave blank.
Please give us any additional details that will make it easier and faster for us to Quote you! This can include requests for special ticketed events, other special requests, accommodations, celebrations etc. Help us help you make the most of your stay! You can also call (609) 978-0740 and mention this form on The Kingdom Insider.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.