**ITS OFFICIAL** Walt Disney buys 21st Century FOX

DredScott

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Bleed The Freak

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DredScott said:
I'm not surprised if New Mutants gets shelved, I already called that happening long ago but if they scrap Dark Phoenix I'll be happy but kinda shocked, since I didn't think they would drop all that money on it and then not put it out but I hope Disney does it so we can get the X-Men in the MCU sooner...
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They can't be hosting Comic Con with Phase 4 with those two shytty ass flicks dropping right before the grand entrance of their new characters. With the merger they won't wanna pay for reshoots or JLaw salary.

After Apocalypse nothing interested me with Fox and X-Men.

Better to stop now then have no promo (Disney won't be advertising this) or having a cast on the red carpet like :francis: knowing it's all ova.

Tax write off.
 
DredScott

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Rashaddw said:
They can't be hosting Comic Con with Phase 4 with those two shytty ass flicks dropping right before the grand entrance of their new characters. With the merger they won't wanna pay for reshoots or JLaw salary.

After Apocalypse nothing interested me with Fox and X-Men.

Tax write off.
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I feel the same way...I just didn't think that business-wise they would actually do it. I applaud them for putting the integrity of the x-men over a quick buck unlike Fox who shamelessly only cared about the bottom line and seemed to never actually follow the source material.
 
Bleed The Freak

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DredScott said:
I feel the same way...I just didn't think that business-wise they would actually do it. I applaud them for putting the integrity of the x-men over a quick buck unlike Fox who shamelessly only cared about the bottom line and seemed to never actually follow the source material.
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That 71 billion ought to cushion these flicks never coming out.
 
Norrin Radd

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Shareholders Approve Disney's Purchase of 21st Century Fox

The sale of 21st Century Fox to The Walt Disney Company took a major leap forward today, as the purchase has been approved by shareholders.

Early Friday morning, shareholders from both Disney and Fox met separately to vote on the pending merger of the companies. According to reports from the meetings, both companies chose to approve the deal.



Variety reports that both of the meetings, which took place at the New York Hilton, were very brief, each lasting less than 15 minutes. Disney's was led by general cousel Alan Braverman and CFO Christine McCarthy. After receiving nearly unanimous approval, the meeting was adjourned before 10 minutes had passed.

Only one voter reportedly protested the purchase, saying that "We are overpaying for Fox."

John Nallen, 21st Century Fox CFO, told the shareholders at the Fox meeting that the merger is expected to reach completion in the first half of 2019. This would mean that Disney's ownership of Fox's assets could be Hollywood's reality in a matter of months.

Disney and Fox initially agreed on terms of the sale back in December, but Comcast entered the fold earlier this year and engaged the House of Mouse in a bidding war for the Fox assets. After Disney's latest offer, which amassed a total of $71.3 billion in combined cash and stock, Comcast decided to back out of the bidding altogether.

Now that both companies have approved the sale, it will go to regulators across the globe, who will determine whether or not the merger can be processed.

The upside of this sale, at least in the eyes of the geek community, is the fact that Disney will soon own the rights to all of the X-Men and Fantastic Four characters, which are currently possessed by Fox. This will allow characters like Wolverine, Deadpool, and Mr. Fantastic to appear in the Marvel Cinematic Universe, alongside the likes of Spider-Man, Black Panther, and Captain Marvel.

the merger is expected to come with heavy job losses. It was recently estimated that Fox's sale to Disney would come with 5,000 layoffs, coming from both sides of the acquisition.
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Norrin Radd

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Dillah810 said:
@Norrin Radd
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