The deal means that blockbuster properties, such as the Disney-owned, Marvel X-Men and Avengers franchises and 21st Century Fox's Deadpool and Avatar, will be united under one umbrella. ("21st Century Fox"-NASDAQ: FOXA, FOX) and The Walt Disney Company ("Disney"-NYSE: DIS) announced that, at separate special meetings today, stockholders of the two companies approved all proposals related to Disney's acquisition of 21st Century Fox".
Disney CEO Bob Iger added in a statement that his company is "grateful" to Murdoch and the Fox board "for entrusting us with the future of these extraordinary businesses". Word is there were few comments from investors at Disney and Fox, and the whole process was apparently done in as little as 10 minutes.
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'No nuclear deals for SA yet' - Cyril Ramaphosa
He also noted that South Africa has surplus energy at the moment, so the nuclear build project is off the table at least for now. Diko said Ramaphosa noted that South Africa's hard economic situation means the nuclear deal can't go forward.
Disney was forced to sweeten its offer last month after Comcast, the largest U.S. cable company, made a $66bn bid for Fox's well-known TV shows and movie franchises, including the X-Men and The Simpsons. After Disney upped its offer, Comcast backed down.
According to the latest report, Disney and Fox will still take several months to combine operations and finalize the merger. Although the Department of Justice approved the transaction in June, Disney is still awaiting regulatory reviews outside the U.S. The deal will also give Disney 60% ownership of Hulu. In an agreement with the USA department of justice, Disney, which owns sports network ESPN, said it would divest 22 of Fox's regional sports networks. When the Fox deal closes, Disney will become the majority owner of the video-streaming service.
Disney still needs deal approval from more than a dozen countries, including China, Russia and regulators from the European Union.