Disney's cash and stock offer has already received approval from USA regulators.
As this was going on, 21st Century Fox's CFO John Nallen was explaining to their shareholders that the merger is expected to be completed by the first half of 2019.
Neither of the two companies' leaders made an appearance.
Late past year, Disney revealed its multi-billion dollar plans to buy the majority of Fox's assets, films, and TV shows.
"Combining the [Fox] businesses with Disney and establishing new "Fox" will unlock significant value for our shareholders", Fox Executive Chairman Rupert Murdoch said in a statement identical to one from Disney.
Shareholders of both companies today gave the go-ahead for the move and why wouldn't they?
Fox Broadcasting, Fox News and most of the Fox Sports assets will be spun off into a new company, New Fox, owned by 21st Century Fox shareholders and operated by the Murdoch family. The proposals included the adoption by 21st Century Fox stockholders of the merger agreement with Disney (the "Disney Merger Agreement") and the distribution merger agreement for the spin-off of new "Fox". The doubling of Disney's Hulu shares (making it the majority owner, with 60 percent) comes as Disney is preparing the launch of its own streaming platform to compete with Netflix and other giants in the streaming space.
Fox's entertainment assets, including The Simpsons, will soon become part of Disney. Let us know in the comment section before Disney acquires us as well! Those rights will come back to Disney with the merger. In an agreement with the U.S. department of justice, Disney, which owns sports network ESPN, said it would divest 22 of Fox's regional sports networks.
Disney still needs deal approval from more than a dozen countries, including China, Russia and regulators from the European Union.