July 27, 2018 / 2:30 PM / 4 months ago

Fox shareholders approve Walt Disney's $71 billion deal

NEW YORK, July 27 (Reuters) - Twenty-First Century Fox Inc said on Friday its shareholders voted to approve Walt Disney Co's $71 billion purchase of its film and television assets.

Results were announced at a special shareholders' meeting held in New York.

Disney was forced to sweeten its offer last month after Comcast Corp, the largest U.S. cable company, made a $66 billion bid for Fox's well-known TV shows and movie franchises, including the "X-Men" and "The Simpsons."

The bidding between Comcast and Disney was part of a bigger battle in the entertainment industry as media companies spend tens of billions of dollars on deals to compete with Netflix Inc and Amazon.com Inc.

Reporting by Sheila Dang; Editing by Dan Grebler

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