Last week the Comcast Corporation officially ended its pursuit of the assets Twenty-First Century Fox, and now the shareholders for both The Walt Disney Company and for 21st Century Fox have approved the deal to acquire those assets for $71.3 billion dollars.
This move came after Comcast made an aggressive $65 billion all-cash offer for the 21st Century Fox assets, forcing Disney to increase its initial $52.4 billion purchase for the Fox acquisition.
In June The Walt Disney Company signed an amended acquisition agreement with 21st Century Fox for $71.3 Billion ($38 per share in cash and stock).
Disney will acquire 21st Century Fox immediately following the spin-off of the businesses comprising “New Fox” as previously announced.