Maker Has Already Accepted Disney's Acquisition Offer

Despite a last-minute counteroffer from a rival media company, Disney's acquisition of Maker Studios will not only proceed — it's already been voted on and approved.

In its Monday afternoon statement indicating the Disney acquisition would go forward, the powerful YouTube multichannel network did not even acknowledge the 11th-hour bid from Relativity Media.

Though the vote had been expected Tuesday, a source with knowledge of the deal said Monday that the it already been taken to approve the deal, which still needs regulatory approval. The statement from Maker backed up that claim. Read more...