Disney and Fox Shareholders Vote to Approve $71.3 Billion Merger

This clears one of the biggest obstacles remaining to complete the deal

The Walt Disney Company’s $71.3 billion bid for 21st Century Fox was approved by shareholders from both companies this morning, clearing one of the biggest obstacles remaining to complete the mega-merger.

Comcast dropped out of the bidding last week, and one month ago, the Justice Department approved the Disney-Fox merger. However, the deal still needs to complete the regulatory process in several other countries.

Last December, Disney announced its $52.4 billion deal to acquire most of 21st Century Fox, with some assets—including Fox Broadcasting, Fox News, Fox Sports and Fox Business Network—to be spun off into a different company tentatively called New Fox.

Comcast, which had also been in talks with Fox last fall about a possible merger, was bolstered by the AT&T’s

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