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Shareholders Approve Disney And 21st Century Fox's Merger

The Justice Department already approved the merger, with some conditions.

Shareholders Approve Disney And 21st Century Fox's Merger

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Caitlin Baldwin

By Caitlin Baldwin

July 27, 2018

The Walt Disney Company and 21st Century Fox's shareholders approved Disney's $71 billion acquisition of most of Fox's assets Friday.

Disney was able to move forward with the buyout after Comcast dropped out of the bidding war to focus to the pursuit of European broadcaster Sky.

The Department of Justice has already approved Disney's bid under the condition that Disney divest 22 of Fox's regional sports networks.

In the buyout, Disney will acquire Fox's cable networks and movie franchises including "Avatar," "Deadpool" and "X-Men."

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