Business

Fox, Disney shareholders approve $71 billion merger

By Joe Williams
Published July 27, 2018 3:08pm ET
Add Washington Examiner on Google
Fox, Disney shareholders approve $71 billion merger
In this Friday, Jan. 31, 2014, photo, a Minnie Mouse character plays piano in a Disney Store display window in Saugus, Mass. Walt Disney Co. reports quarterly financial results after the market closes on Wednesday, Feb. 5, 2014. | (AP Photo/Elise Amendola)

Walt Disney Co. and 21st Century Fox shareholders approved a $71 billion merger between the two companies on Friday after the Department of Justice opened a path for the transaction to proceed.

Comcast, which was in a bidding war with Disney for Fox, ended its pursuit of the company after Justice chose to appeal a federal judge’s decision to approve a separate merger between AT&T and Time Warner.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Antitrust Department of Justice Mergers and Acquisitions