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Nearly 52% of shareholders in 21st Century Fox, the entity that is about to be acquired by Disney, have expressed a preference to receive cash in exchange for their shares after the Disney-Fox deal closes early Wednesday. About 37% of shareholders said they would prefer shares in New Disney (as the Fox-ified company…

A shareholder lawsuit against Netflix over its deductions of executive bonuses from company tax liabilities has been dismissed by a federal judge, but only after she noted the legitimacy of some elements of the complaint. The City of Birmingham Relief and Retirement System found fault with the company’s accounting of…

Disney has offered concessions to European regulators in order to gain approval of its acquisition of most of 21st Century Fox. The European Commission confirmed the move today and said it was extending its deadline for reviewing the deal to November 11 from October 19. It did not provide details about what Disney has…

Lionsgate said it has paid $92.5 million to settle a class-action lawsuit filed by shareholders who were unhappy about the company’s $4.4 billion acquisition of Starz. The news came via a brief SEC filing, which noted that Lionsgate plans to have insurance cover the hit. Between mid-July and late-August of 2016, seven…

UPDATED with official comment from the companies. At special meetings held simultaneously in New York this morning, Disney and 21st Century Fox shareholders overwhelmingly approved the merger first proposed last December. Disney said 99% of shareholders approved the company’s acquisition of Fox assets, a historic…

UPDATE with closing price. Facebook stock fell 19% to $176.26 today, wiping out some $120 billion in wealth less than 24 hours after shares had hit a record high. The dollar value of the loss was the largest ever by a publicly traded company in the U.S. Investors lashed out at the stock after digesting the company’s…

A day after MoviePass parent Helios & Matheson expressed confidence that a shareholder rescue plan would enable the subscription ticketing service to continue its disruptive ways, Wall Street weighed in otherwise. One of the new measures — a 1-to-250 reverse stock split, which dramatically reduced the number of shares…

Ted Farnsworth, head of MoviePass parent Helios & Matheson, teased the rollout of a Rotten Tomatoes-like ratings service and other “disruptions” over the next 90 days during a conference keynote this morning in New York. “You’re going to see a lot of disruption from us in the next 90 days that’s going to flip…

A 21st Century Fox shareholder has filed suit over Disney’s pending deal to acquire most of the company’s assets, claiming that shareholders have been given incomplete or misleading information before their vote on July 27. The complaint by Robert Weiss (read it HERE) was filed on Friday in U.S. District Court in…

Some of Disney’s annual shareholder meetings over the years have brought high corporate drama, but today’s edition in Houston was more of a chance for celebration. There was a brief business portion of the meeting, during which directors up for nomination were introduced. All of them were approved. The roster includes…

At a special shareholder meeting today in New York, Discovery’s pending $14.6 billion acquisition of Scripps Networks Interactive got overwhelming support. In a brief SEC filing, the company reported the tally was 258.2 million votes in favor and 2.8 million against, with 104,127 abstentions. Scripps shareholders met…