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IPFS News Link • Hollywood-Entertainment Industry

Disney and Fox shareholders approve blockbuster $71-billion deal

• http://www.latimes.com By Meg James

The deal's contours began to form nearly a year ago over wine between Disney Chief Executive Bob Iger and Murdoch at the elder mogul's Moraga vineyard above Bel-Air. Friday's vote was more official: The two companies held separate shareholder meetings concurrently in the same Hilton hotel a couple of blocks from Fox's headquarters in midtown Manhattan.

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Neither Murdoch nor Iger were in attendance. The meetings, which took less than 12 minutes, were conducted by the company's general counsels and other members of senior staff.

Fox general counsel Gerson A. Zweifach first announced that its five proposals had been approved by proxies of "a majority vote," including the merger agreement.


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