Fox Shareholder Is Preventing Disney Acquisition By Filing A New Lawsuit


Disney might have just won the US Antitrust Approval for its deal with 21st Century Fox, but it looks like another stumbling block's just gotten in the way of the Mickey Mouse House's acquisition of Fox's television and film assets.

According to The Hollywood Reporter, a leading Fox shareholder just recently filed a lawsuit to oppose Disney and its attempt to purchase 21st Century Fox's various assets. The shareholder, Robert Weiss, filed his lawsuit in a Delaware federal court back in Friday last week.

Apparently, Weiss isn't happy with the Disney proposal, claiming that Disney's financial projections are inaccurate especially those that have to do with Hulu and Sky. The shareholder believes that Goldman Sachs and Centerview Partners, companies who performed the analyses on the financial valuation, both have an undeclared conflict of interest. Apparently, Weiss is hoping to get more information about potential debt, raising concerns about the technical details of the acquisition like how an affiliate of Goldman was asked to become an underwriter, bookrunner, and placement agent for Fox's potential permanent debt financing.

While there's no doubt that Disney will work hard to overcome this hurdle, this new lawsuit poses a concern for those following the company's attempt at acquiring Fox's assets. A lot of Marvel fans have been looking forward to the deal, hoping that the acquisition would mean that the X-Men, Fantastic Four, and all of Fox's other mutants would finally make their way to the Marvel Cinematic Universe.

Let's wait and see what happens next.

Marvel's latest film, Ant-Man and the Wasp, is currently screening in cinemas.

Read: Kevin Feige Hints At Marvel's Plans For The MCU Till 2024

This Article's Topics

Explore new topics and discover content that's right for you!

Fandoms