Disney – Fox merger in trouble : Here is all you need to know2 min read
Things are not looking very bright for the Disney-Fox merger now. You all know Disney had made a $52.4 billion deal, in which the Mouse House would acquire large parts of Fox, including the 20th Century Fox studio, Fox’s entertainment cable networks and its international assets, including its stake in Sky. But the cable giant Comcast had intervened to take the deal. But they were denied as Fox decided to move on with Disney.
And it looks like they have returned with renewed vigour. Reportedly they are now offering a superior $60 billion all cash deal to buy the same parts of Fox. Disney’s special shareholder meeting on the deal Wednesday was set for 10 a.m. ET on July 10 at the New Amsterdam Theatre, Manhattan.
Fox’s meeting was set for the same time at the nearby New York Hilton Midtown. Now under this new situation which is sure to piss off all the Marvel fans “21st Century Fox may postpone or adjourn the special meeting of its stockholders to allow reasonable additional time for the filing, mailing, dissemination and review by its stockholders of any such disclosure prior to the meeting.” Seems interesting right? Scroll down to get dissapointed even more.
Fox said Wednesday it was “Under the Disney merger agreement, if any event occurs that 21st Century Fox determines, after consultation with outside legal counsel, is reasonably likely to require under applicable law the filing or mailing of any supplemental or amended disclosure, 21st Century Fox may postpone or adjourn the special meeting of its stockholders to allow reasonable additional time for the filing, mailing, dissemination and review by its stockholders of any such disclosure prior to the special meeting.” Either way, it now seems as if we’re closer to finally getting some answers about whether or not the X-Men and Fantastic Four really are on their way to the MCU for good or bad.
So what do you think, can Disney bring the X-Men home? Do not forget to keep yourself updated by following us.