Fox to Vote on Potential Merger with Disney on July 10
By Mei Manuel, June 02, 2018 04:06 AM
On Wednesday, 21st Century Fox has announced that it will be holding a special meeting on July 10th for its stockholders to vote on the proposed emrger with Walt Disney Company and discuss other concerns regarding the company's future such as the proposal of Comcast Corp's to purchase some of Fox's assets.
Last week, Comcast announced that they were preparing a higher, all-cash offer for Fox's media assets but some sources say that it will only be processed if a federal judge will rule next month that it will allow AT&T's planned $85 billion acquisition of Time Warner Inc.
The special meeting date comes after Comcast said that Fox and its shareholders should not rush into approving the Disney deal by going public with its plans of a "superior" offer.
In December, Disney offered stock then worth $52.4 billion to buy Fox's film, television and international businesses to strengthen its offerings against Netflix and Amazon Prime. A regulatory filing done in April showed that Comcast had offered to purchase Fox's assets at an all stock deal valued at $34.41 per share or $64 billion last November before Disney's offer was accepted by both companies.
More from CCD
A reflection on whether the fire on Notre Dame Cathedral is a blessing.
An observation of a current trick to gain money by telling Christians' stories of misery.
On March 13, 2019, Nanjing Mochou Road Christian Church held a seminar entitled, "Thinking about the customs and meanings of the Qingming Festival".
Taiwanese media reported that the precious Imperial Version with a history of 125 years, given to the Empress Dowager Cixi for her 60th birthday, was exhibited in Donghai University.
A father figure whose work was Chinese rural construction in the last century.
The Art Group “The Sound of Heavenly Love”" performed in Zhangzhou, Fujian province.
Changsha North City Church International Student Fellowship Celebrate Their 14th anniversary
Editor's Notes: On November 8, 2017, a 100-year celebration was held at the Manyun Christian Church in Jinghong City, Xishuangbanna, Yunnan Province. For commemorating the 100th anniversary of the introduction of the Gospel for this locality. A few days ago, the Manyun Christian Church published an article about the history and status quo of the church.
How did the Chinese box office fared last year?
A new direct flight is added to Hainan Airlines' destinations.