Fox is reportedly gearing up to hold a shareholders meeting next month to determine whether or not the company will sell the majority of its assets to Disney.
Variety reports that the meeting will take place on July 10, which will see several Fox investors vote on the estimated $52.4 billion USD deal. If the deal goes through, it would see Disney acquire Fox’s movie and TV studios, including Marvel film properties such as the X-Men and Fantastic Four.
In addition to Disney, Comcast is also reportedly back in the running to purchase Fox’s assets and is preparing a bad that could displace Disney’s offer. Comcast made a bid last year, but Fox rejected it due to antitrust concerns.
Fox’s board of directors have reportedly recommended that shareholders vote in favor of selling to Disney, as pulling out of the deal for any reason other than a regulatory block would force Fox to pay an estimated $1.52 billion breakup fee.