Ex Maker Studios CEO sues to block Disney

Last updated 14:53 11/04/2014

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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, the Wall Street Journal has reported.

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 US$500 million.

A Disney spokeswoman had no comment.

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- Reuters


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