Disney and Fox shareholders approve blockbuster $71-billion deal

Walt Disney Co. and 21st Century Fox Inc. shareholders on Friday overwhelmingly approved Disney’s proposed $71.3-billion takeover of much of Rupert Murdoch’s 21st Century Fox — a milestone in a merger that is expected to dramatically reshape the entertainment industry.[FONT=&quot]The deal’s contours began to form nearly a year ago over wine between Disney Chief Executive Bob Iger and Murdoch at the elder mogul’s Moraga vineyard above Bel-Air. Friday’s vote was more official: The two companies held separate shareholder meetings concurrently in the same Hilton hotel a couple of blocks from Fox’s headquarters in mid-town Manhattan.

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Neither Murdoch nor Iger were in attendance. The meetings, which took just 12 minutes, were conducted by the company’s general counsels and other members of senior staff.

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Renae said:

Disney and Fox shareholders approve blockbuster $71-billion deal

Oh dear, they can now add the X-Men to the MCU....

I am very pleased by this. Shame Fox wasted such talent as Patrick Stewart and Hugh Jackman, but let's see how they launch the Mutants into the Mix.

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