EU antitrust regulators have set an October 19 deadline for their ruling on Walt Disney’s US$71.3 billion bid for Twenty-First Century Fox entertainment assets, the European Commission announced on Monday, September 17.
The Commission can approve Disney’s takeover bid as is, require concessions, or, if it has serious concerns regarding the deal, open a four-month investigation into the agreement.
The US Justice Department gave the green light to the deal in June on the condition that Disney sell off Fox’s 22 regional sports networks.
The deal would see Disney, led by chairman and CEO Bob Iger, acquire Fox’s TV and movie studios, its FX Networks and National Geographic operations, TV giant Star India, as well as Fox’s stake in Hulu and its 39% stake in European pay TV giant Sky.
Full Content: Reuters
