NIFTY 50

Fox sets Disney deal vote for July 10

Updated : May 30, 2018 06:31 PM IST

The Fox board also recommended backing the deal but said that it was aware of Comcast Corp's moves to make an offer for certain assets of the company.
The announcement of the special meeting date comes after the largest US cable operator Comcast put pressure on Fox and its shareholders to not rush into approving the Disney deal by going public with its plans of a "superior" offer.
Disney in December offered stock then worth $52.4 billion to buy Fox's film, television and international businesses to beef up its offering against streaming rivals Netflix Inc and Amazon.com Inc.
Fox sets Disney deal vote for July 10

You May Also Like

Live TV

recommended for you