Disney’s Bid for Fox Endorsed by Important Proxy Firms, Comcast’s Bid Dealt Blow by Justice Department

In yet another wrinkle in the Disney-Fox-Comcast saga, Disney’s bid for Fox was backed by important proxy firms. Institutional Shareholder Services Inc. and Glass Lewis & Co., both influential proxy advisors, endorsed the Disney bid earlier this week. Proxy firms provide services to shareholders to vote their shares at shareholder meetings of large corporations. They also recommend … Read more

UPDATE: Disney and Fox Set Shareholder Vote On Proposed Merger For July 27th

Disney and Fox have finally rescheduled their vote on the proposed merger/acquisition for July 27th. The previous July 10th meeting was canceled when Disney upped their bid to beat the new $65 billion offer from Comcast. This meeting announcement comes one day after federal regulators approved the proposed acquisition of Fox by Disney. Currently, Disney’s … Read more

BREAKING: Justice Department Approves Disney’s Proposed Purchase of Fox

In what is seen as a massive step forward for Disney’s acquisition of 21st Century Fox, the U.S. Justice Department has given the OK for the proposed purchase. While not unexpected, the quick decision by the Justice Department gives Disney a massive advantage over Comcast as things stand. As part of the regulatory approval, the … Read more