Shareholders have approved Disney’s acquisition of 21st Century’s film and television studios this morning, paving the way for Disney to add Fox’s catalog of networks and intellectual property to its already vast holdings.
Disney will be required to divest itself of Fox’s regional sports networks, because it already owns ESPN. The company also won’t acquire all of Fox’s holdings: the remaining assets — some broadcast networks, including Fox News, Fox Business and Fox Sports, and local TV stations will be spun into a new company called New Fox.
Word broke in November 2017 that Disney had been speaking with 21st Century Fox about acquiring the company’s film and television divisions, and after some back-and-forth, Disney closed on a deal...
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