With Potential Comcast Offer Looming, Fox Sets Date to Vote on Disney Deal

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21st Century Fox

FOX -Zero.70%

shareholders will vote July 10 on the corporate’s proposed asset sale to

Walt Disney

DIS -2.46%

, probably giving


CMCSA -Zero.76%

about six weeks to submit its personal bid for the slate of movie studios, cable networks and different leisure companies.

Comcast stated final week that it was in superior levels of making ready a money supply that may high Disney’s $52.four billion all-stock deal for Fox’s leisure property.

Wednesday, Fox stated it might nonetheless postpone or adjourn the shareholder assembly if Comcast submits a bid or if different occasions legally require the corporate to ship shareholders dietary supplements or disclosures.

The Fox property—which vary from worldwide pay-TV distribution to cable networks and a stake in streaming large Hulu—are among the most-prized leisure properties prone to come in the marketplace for a while, and the Murdoch household’s willingness to promote these property has come as a shock to many within the media business.

The uncommon acquisition alternative, mixed with the necessity to considerably increase abroad and purchase new distribution and content material, is including a dimension of urgency for each Comcast and Disney.

The unique deal between Fox and Disney was introduced in December.

21st Century Fox and Wall Road Journal-parent Information Corp share widespread possession.

Write to Austen Hufford at austen.hufford@wsj.com

Supply hyperlink – https://www.wsj.com/articles/with-potential-comcast-offer-looming-fox-sets-date-to-vote-on-disney-deal-1527684347?mod=pls_whats_news_us_business_f

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