Disney’s board has voted to buy those Fox assets. Now what?

The Walt Disney Company and 21st Century Fox Inc. shareholders approved a $71.3-billion deal on Friday that will place some of Fox’ most-coveted entertainment assets into Disney’s already-formidable content arsenal.

The approval came after months of uncertainty, with Comcast Corp. CMCSA, +0.29% making an unsolicited $65-million cash bid in June, forcing Disney DIS, -1.17% to raise its initial $52.4-billion stock offer to $71 billion in cash and stock. Last week, Comcast dropped its pursuit of the assets, saying it would now focus on its bid for European pay-TV company Sky PLC SKY, -0.13% leaving Disney in the clear.

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