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Reuters

Twenty-First Century Fox said on Friday its shareholders voted to approve Walt Disney’s US$71 billion purchase of its film and television assets.
Results were announced at a special shareholders’ meeting held in New York.
Disney was forced to sweeten its offer last month after Comcast, the largest US cable company, made a US$66 billion bid for Fox’s well-known TV shows and movie franchises, including the The Simpsons.
Marvel could become master of the cinematic universe if Disney land Fox assets
The bidding between Comcast and Disney was part of a bigger battle in the entertainment industry as media companies spend tens of billions of dollars on deals to compete with Netflix and Amazon.com.

Last week, Comcast dropped its pursuit of Fox’s film and television studios, cable networks and international TV businesses.
Disney’s cash and stock offer has already received approval from US regulators. In an agreement with the US Department of Justice, Disney, which owns sports network ESPN, said it would divest 22 of Fox’s regional sports networks.
Rupert Murdoch, who owns 17 per cent of Fox’s voting shares along with his family, could have faced a large capital gains tax bill under Comcast’s all-cash offer.
Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network and its sports channels FS1, FS2, and the Big Ten Network into a newly listed company that it will spin off to its shareholders.


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Disney

Fox shareholders approve Walt Disney’s US$71 billion deal

Fox will separate its broadcasting network and stations into a newly listed company that it will spin off to its shareholders. Photo: AP

This image released by Fox shows animated characters, from left, Bart, Homer, Maggie, Marge and Lisa from "The Simpsons," which will premiere its 30th season this fall. (Fox via AP)

Marvel could become master of the cinematic universe if Disney land Fox assets

Scarlett Johansson has played Black Widow/Natasha Romanoff in six MCU movies – but lacks her own stand-alone movie. Photo: Jay Maidment, Marvel Studios

Chris Evans. Photo: Marvel

Marvel Comics

20th Century Fox

Disney triumphs in battle for Fox properties as Comcast drops out of bidding

Bob Iger, CEO and chairman of the Walt Disney Company, and Mickey Mouse ring the bell at the New York Stock Exchange in November 2017. Photo: Getty Images

This handout image shows a still of Ryan Reynolds, Stefan Kapicic and Brianna Hildebrand in Deadpool (2016). Photo / HANDOUT [21FEBRUARY2016 FEATURES FILM ONLINE]

SUN VALLEY, ID - JULY 10: Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful businesspeople from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. Drew Angerer/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==

Slinky Dog Dash, a family-friendly roller coaster, covers Andy's backyard at Toy Story Land. (Disney Parks)

Brian Roberts, chairman and chief executive officer of Comcast Corp., walks the grounds after a morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Thursday, July 12, 2018. The 35th annual Allen & Co. conference gathers many of America's wealthiest and most powerful people in media, technology, and sports. Photographer: David Paul Morris/Bloomberg

(FILES) In this file photo taken on March 17, 2017 a Sky logo is pictured on a sign next to the entrance to pay-TV giant Sky Plc's headquarters in Isleworth, west London. Cable and media giant Comcast said on July 19, 2018, it is pulling out of the bidding war with Walt Disney Co. for film and television operations of Rupert Murdoch's 21st Century Fox. Comcast said in a statement it would instead focus on acquiring the European pay TV operator Sky, shifting its stand on how it approaches the latest round of consolidation in the media-entertainment sector. / AFP PHOTO / Daniel LEAL-OLIVAS

Disney gets US antitrust approval to buy up Fox assets in blow to Comcast

The Disney logo is displayed outside the Disney Store in Times Square in New York City in December. Photo: Getty Images North America via AFP

The Simpsons is one of many Fox properties that may soon be owned by Disney. Image: 21st Century Fox

FILE - This March 29, 2017, file photo shows a sign outside the Comcast Center in Philadelphia. Disney is making a $70.3B counter bid for Fox’s entertainment businesses following Comcast’s $65 billion offer for the company. (AP Photo/Matt Rourke, File)

Fox accepts new Disney bid of US$71 billion, putting Comcast in a tight spot

The Disney store in New York’s Times Square in December. Photo: Getty Images North America via AFP

Brian L. Roberts, President and Chief Executive Officer of Comcast, points to a reporter during a press conference 11 February 2004 in New York City. Comcast Corporation announced that it has tendered a proposal to The Walt Disney Company to merge the two companies in a tax-free transaction. (Stephen Chernin/Getty Images/AFP) FOR NEWSPAPERS AND TV USE ONLY *** Local Caption ***

Among the properties that Disney could get with their new bid are superheroes The X-Men and their villains (pictured). Photo: 21st Century Fox

NEW YORK, NY - NOVEMBER 27: (L to R) Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City. Disney is marking the company's 60th anniversary as a listed company on the NYSE. (Drew Angerer/Getty Images) == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==

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Disney was forced to sweeten its offer last month after Comcast, the largest US cable company, made a US$66 billion bid for Fox’s well-known TV shows and movie franchises


21st Century Fox

Mergers & Acquisitions

American cinema