EU Approves Disney Buy From Fox If Makes TV Divestments

Entertainment (now)
Entertainment (now)
  • 6 years ago

According to Reuters, Walt Disney’s $71.3-billion offer to buy Twenty-First Century Fox's entertainment assets won approval from the European Commission on Tuesday. In a statement, the EU competition regulator said that Disney had committed to divest its interests in channels in the European Economic Area to avoid harming competition following its purchase from Fox. The Fox assets being acquired include a cable group with FX Networks, National Geographic and 300-plus international channels.

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