Shareholders for Fox and Disney were expected to meet this morning for a final vote on Disney’s $71.3 Billion dollar acquisition of 21st Century Fox’s assets.
Both parties met at two separate meetings at the New York Hilton to vote and it is being reported in Variety and other sources that the final votes took less than fifteen minutes. According to Variety, Disney general counsel Alan Braverman and CFO Christine McCarthy lead the vote which took less than 10 minutes and received near unanimous approval from Disney shareholders.
Only one person voiced an objection to the deal. A person identified only as an economics professor at Duquesne University vocally protested the deal stating; “I think we are overpaying for Fox.” Other than that objection, everything else is reported to have gone smoothly, with some asking whether or not Disney would be moving its headquarters.
CFO of 21st Century Fox told shareholders that the merger is expected to be completed in the first half of 2019, which means that the final deal, barring any issues with regulators, will be completed in the next few months.
Let me know what you think of this new development in the Fox/Disney deal. Are you excited for the deal itself? What would you like to see from the deal after its completion? Let me know in the comments below.