China supports Walt Disney and Fox merger
The Chinese authorities have approved the terms of the merger between Walt Disney Company and 21st Century Fox, thus removing the last obstacles to the activities of the combined structure in the country. This was reported by the Variety building. This decision of the Chinese supervisory authorities led to an increase in the shares of both companies, and Fox shares rose in price by three percent at once, their value exceeded $ 49.6. Walt Disney shares were valued at $ 117.08. Recall that the deal, which is estimated at $ 71.3 billion, has already received the approval of the US authorities, all legal formalities will be finally agreed in the first half of 2019. The Fox purchase provides Walt Disney with many highly promising franchises, in including "Avatar", "X-Men", "Alien" and many others. China is a key market for the company, not only because the movie projects of various Walt Disney divisions collect impressive sums at the box office, but because of the grandiose expansion plans. Thus, in 2016, the Shanghai Disney Resort amusement park was opened, and many other large joint projects are planned to be implemented in the country. The Topic of Article: China supports Walt Disney and Fox merger. |
