Former Maker Studios CEO sues to block Disney purchase: WSJ

Reuters
The water tank of The Walt Disney Co Studios is pictured in Burbank
The water tank of The Walt Disney Co Studios is pictured in Burbank, California February 5, 2014. REUTERS/Mario Anzuoni

(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)