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Disney and Fox shareholders have approved the merger, but the deal’s completion is still at the hands of regulators in the US and internationally. And even once completed, the Fox buyout will mean more work is ahead for Disney, analysts say.
John Janedis, an analyst at Jefferies, warned clients on Friday that an appeal was highly unlikely to change the decision, and could take a year or more.
Disney is close to winning the 21st Century Fox sweepstakes — but the bidding war may not be over just yet
The bidding war between Disney and Comcast over 21st Century Fox assets could have some juice left in it, according to Jefferies analyst John Janedis.
Fox surges as AT&T’s court victory appears to give its Disney deal the green light — but a bidding war could be on the horizon
A Comcast takeover of Fox would be similar to AT&T’s so-called “vertical” merger with Time Warner in that it would combine two markedly businesses working at separate parts of the ecosystem. Comcast, a distributor of content, would have access to Fox’s popular franchises as well its its studios.