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The long-awaited Disney/Fox merger will finally go down in a few days, as it cleared its final hurdle. Fox stockholders can now choose to cash out or acquire Disney stock, which will be valued at $38.
21st Century Fox and Disney had been working to overcome its last regulatory roadblock in Mexico. With regulators now at ease, the deal will go through.
Disney has set a March 20th date to complete the operation. The acquisition will become effective at 12: 02 AM.
The race for Fox was ultimately ran between Disney and Comcast. Comcast CEO Brian Roberts forced Disney to raise its bid for the acquisition as retaliation stemming from a rejected offer to buy out the Mouse, 15 years ago. The grudge move made the final price tag for Fox to rise from $52.4 billion to $71.3 billion.
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