https://www.bloomberg.com/news/articles/2018-06-27/disney-is-set-to-win-antitrust-approval-today
Story is still developing.
Update: approval has been granted:
https://www.bloomberg.com/news/arti...win-antitrust-approval-for-fox-today-jix9wdna
Shareholder voting date set for July 27th.
Walt Disney Co. is set to win U.S. antitrust approval Wednesday for its $71 billion purchase of 21st Century Fox Inc.'s entertainment assets, according to a person familiar with the matter, raising hurdles to a potential rival bid from Comcast Corp, Bloomberg News reports.
The Justice Department is expected to file an agreement approving the deal in federal court, said the person, who asked not to be named because the approval wasn't yet public. Disney was expected to agree to sell assets to resolve competitive harms arising from the merger, a person familiar has said.
Story is still developing.
Update: approval has been granted:
https://www.bloomberg.com/news/arti...win-antitrust-approval-for-fox-today-jix9wdna
Walt Disney Co. won U.S. antitrust approval for its $71 billion purchase of 21st Century Fox Inc.'s entertainment assets, raising hurdles to a potential rival bid from Comcast Corp.
Disney agreed to sell Fox's regional sports networks to resolve the Justice Department's concerns that the deal would raise prices for pay-TV companies, according to court filings made Wednesday in New York.
Shareholder voting date set for July 27th.
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