Stockholders Approve Disney's Acquisition of 21st Century Fox

Twenty-First Century Fox and The Walt Disney Company have announced that stockholders of both companies have approved all proposals related to Disney's acquisition of 21st Century Fox.

The proposals included the adoption by 21st Century Fox stockholders of the merger agreement with Disney (the “Disney Merger Agreement”) and the distribution merger agreement for the spin-off of new “Fox.” Disney stockholders approved the issuance of new common stock that will be distributed to 21st Century Fox stockholders as part of the acquisition.

“Combining the 21CF businesses with Disney and establishing new ‘Fox’ will unlock significant value for our shareholders,” said Rupert Murdoch, Executive Chairman, 21st Century Fox. “We are grateful to our shareholders for approving this transaction. I want to thank all of our executives and colleagues for their enormous contributions in building 21st Century Fox over the past decades. With their help, we expect the enlarged Disney and new ‘Fox’ companies will be pre-eminent in the entertainment and media industries.”





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