The bid war is over! and Disney just came out on top….
The X-Men and Fantastic Four are coming home as Walt Disney Co. and 21 Century Fox shareholders voted this morning on whether or not to approve the former’s $71.3 billion acquisition of Fox’s film and TV assets.The deal has been approved!
Fox, meanwhile, will still continue on in a very different form with a portfolio of news, sports, and broadcast companies, including the Fox News Channel, Fox Sports, and a variety of similar channels.
The best news about this deal is the return of Marvel Properties like The X-men and Marvel’s first family, The Fantastic Four as they are set to return feature in the Marvel Cinematic Universe at some point in the next few years.
The studio has also gained the theatrical and home video rights to the original Star Wars movies as well as franchises like Planet of the Apes, Avatar, and many more.
The U.S. Department of Justice has already approved the Disney/Fox merger, provided the media and entertainment company divest the 22 regional sports networks it was set to gain in the deal.
What are your thoughts on the merger, are you looking forward to the return of Marvel characters.