Fox, Disney shareholders approve $71 billion merger

By Joe Williams

Published July 27, 2018 3:08pm ET

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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.

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Antitrust Department of Justice Mergers and Acquisitions