NIFTY 50

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
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV