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Fox shareholders approve Walt Disney's $71 billion deal

Updated : July 27, 2018 09:49 PM IST

Disney was forced to sweeten its offer last month after Comcast Corp, the largest US cable company, made a $66 billion bid for Fox's well-known TV shows and movie franchises, including the "X-Men" and "The Simpsons."
Shares of Fox were down slightly by 0.3 percent to $45.25 in morning trading, while Disney shares were down 0.5 percent to $112.93.
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 and Amazon.com Inc.
Fox shareholders approve Walt Disney's $71 billion deal
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