On this day in 2018, shareholders of Disney and 20th Century Fox each voted to merge the companies. The shareholders were enthusiastic about the deal, with Disney reporting a 99% approval rate. The votes only took about 10 minutes! The acquisition would cost Disney $71.3 billion, which was about 2,000 times more than the merger between 20th Century Pictures and the Fox Film Corporation in 1935! At the time, that price was considered “recklessly exorbitant!”

20th Century Fox | DISNEY THIS DAY | July 28, 2018
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