Disney gets conditional antitrust approval from US to buy Fox

Disney Fox deal
Walt Disney has received the US antitrust approval to buy most of Twenty-First Century Fox assets for $71.3 billion on the condition that it sell 22 regional sports networks, Reuters reported.

The Fox-Disney deal, agreed in December, still needs numerous other regulatory approvals from other countries.

Fox and Disney are preparing to go ahead with their deal. Fox has selected Disney over a competing $65 billion bid from cable operator Comcast earlier this month.

Disney last week said it was willing to divest Fox assets that generated up to $1 billion in EBITDA to get a regulatory approval for the deal.

Both Disney and Comcast want to expand their own entertainment businesses to compete with fast-growing digital rivals Netflix and Amazon.com. AT&T earlier acquired Time Warner as part of the digital media strategy.

Latest

More like this
Related

Tencent Music Q2 revenue jumps 17.9% as subscriptions, ARPPU drive growth despite MAU decline

Tencent Music posted a 17.9 percent year-over-year revenue increase...

Spotify to raise premium prices in global markets, mixed reactions expected from users

Spotify announced on Monday that it will increase the...

Spotify Q2 2025 revenue hits €4.2 bn with strong subscriber growth, innovation push

Music streaming major Spotify has reported revenue of €4.193...

Netflix revenue rises 16% on price hike and global content hits

Netflix has reported revenue of $11.08 billion, up 16...