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Fox Holders Approve Disney Merger and Megadeal Reaches Next Stage

Fox Holders Approve Disney Merger and Megadeal Reaches Next Stage

Fox Holders Approve Disney Merger and Megadeal Reaches Next Stage21st Century Fox Inc. and Walt Disney Co. shareholders approved the sale of Fox’s entertainment assets Friday, moving one of the biggest media mergers in history nearer to completion. The companies’ investors gave their blessings to the $71.3 billion transaction in separate votes at the New York Hilton Midtown in Manhattan. When the deal was announced in December, Disney said it would take 12 to 18 months to close — a timetable the company is sticking with.

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