NEW YORK (Reuters) - Twenty-First Century Fox Inc (FOXA.O) said on Friday its shareholders voted to approve Walt Disney Co’s (DIS.N) $71 billion purchase of its film and television assets.
The Twenty-First Century Fox Studios flag flies over the company building in Los Angeles, California U.S. November 6, 2017. REUTERS/Lucy Nicholson
Results were announced at a special shareholders’ meeting held in New York.
Disney was forced to sweeten its offer last month after Comcast Corp (CMCSA.O), the largest U.S. cable company, made a $66 billion bid for Fox’s well-known TV shows and movie franchises, including the “X-Men” and “The Simpsons.”
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 Inc (NFLX.O) and Amazon.com Inc (AMZN.O).
Reporting by Sheila Dang; Editing by Dan Grebler
