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Former Maker Studios CEO sues to block Disney purchase: WSJ

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[April 11, 2014]  (Reuters)  The co-founder and former chief executive of Maker Studios, Danny Zappin, filed a lawsuit aimed at preventing a shareholder vote on a takeover offer from Walt Disney Co, the Wall Street Journal reported on Thursday.

Zappin and three other former Maker executives asked a California court to issue a temporary restraining order to delay an April 15 vote by Maker shareholders, the Journal said.

Disney agreed in March to buy Maker Studios, one of YouTube's largest networks, for $500 million.

A Disney spokeswoman had no comment.

(Reporting by Lisa Richwine; editing by Andre Grenon)

[ 2014 Thomson Reuters. All rights reserved.]

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