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Way urge on in December of last year Disney announced, in a bold move, that it would be purchasing 21st Century Fox's assets for a Scrooge McDuck-level sum of $52.4 billion. In the become old previously then, there has been no shortage of speculation roughly what this means for various properties, studios and the industry as a whole. As past all where billions of dollars are involved, this pact has been slow moving, and even even if it has been announced, it isn't officially official. There are lots of t's to be crossed and i's to be dotted, but the adjacent step is for the companies' respective shareholders to vote upon the deal. We now know that those votes are scheduled to resign yourself to area upon July 10th.
The Walt Disney Co. and 21st Century Fox have each set shareholder meetings for a little higher than a month from now where they will every vote upon the deal. Should Disney shareholders vote for the pact and Fox shareholders vote to take it, it becomes official and moves to the adjacent phase. As noted by Deadline, in their respective SEC filings, the boards of both Disney and Fox reportedly recommended to their shareholders that they vote for the deal. Now, lest you think you can start getting super aflame roughly the X-Men and the fantastic Four in the MCU, there are yet other factors at proceed that can defer this pact or even overthrow it entirely.
As reported upon earlier this month, cable giant Comcast is seeking to swoop in and grab the Fox assets from Disney past its own enticing offer. Comcast has yet to create an official offer, but if it does, Fox may defer or adjourn the shareholder meeting to consider the counter-offer. That counter-offer from Comcast is believed to be in the $60 billion range and, unlike the Disney offer, which is made stirring of stock, the Comcast find the money for is acknowledged to be every cash. The cash amount is larger, but it is next topic to a capital-gains tax that would be in the billions. Comcast is believed to be waiting to create a formal find the money for until after the June 12th ruling in the Department of Justice's prosecution adjacent to AT&T's merger past become old Warner.
The results of that events would presumably find the money for Comcast a bigger idea of how appreciatively a thesame purchase of Fox's assets by Comcast would be looked upon by the courts. If the consider rules in favor of AT&T upon June 12th, Comcast would possibly be emboldened to create an official find the money for for Fox's assets, but if the consider rules adjacent to AT&T, that might not bode skillfully for a Comcast purchase of Fox. Either way, if Fox's shareholders approve a Disney or Comcast purchase, the pact will yet dependence government approbation fittingly the dominos upon any pact won't every fall for some time. But it is practicable that arrive July 10th, we'll have a much bigger idea of what the unconventional holds for Fox's assets.
For every the latest upon this pact as it develops and what it means for movie fans, stay tuned to CinemaBlend.
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