Shareholders approve Disney’s £54bn acquisition of Fox entertainment

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Disney’s 71.3 billion dollar (£54 billion) acquisition of Twenty-First Century Fox’s entertainment division is one step closer after shareholders approved the deal.

The tie-up brings together Marvel’s X-Men and Avengers franchises and creates an entertainment behemoth in the digital streaming era.

The shareholder vote caps a saga that began in December 2017, when Disney made its first offer for part of Rupert Murdoch’s media conglomerate.

James McAvoy
The move would bring the X-Men franchise under the same umbrella as the Avengers (Ian West/PA)

The Fox deal will help Disney compete with technology players like Amazon and Netflix.

The agreement is not expected to close for several months and still requires regulatory approvals.

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