Maker: We're Sticking With Disney
Despite a counteroffer from a**ther media company, Disney's acquisition of Maker Studios will go to a vote as planned.
In a statement on Monday after**on, Maker indicated that Tuesday's vote was set to proceed, however it managed to **t ack**wledge the bid from Relativity Media.
Relativity's bid was reportedly worth more than Disney's but primarily in the company's stock. Disney's offer included a chunk of cash, in addition to Disney stock.
A spokesperson from Maker sent a statement on Monday after**on:
As per the an**uncement made on March 24, Maker Studios has entered into a merger agreement With The Walt Disney Company. The agreement has been approved by Maker Studios’ Board of Directors and the majority of its shareholders and is expected to close in the next few weeks, subject to regulatory approval. Read more...
04-15-2014, 02:01 AM
Maker: We're Sticking With Disney
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