The Department of Justice has approved the Walt Disney Company’s $71 billion bid for the entertainment assets of 21st Century Fox. The government’s approval was filed in federal court on the condition that Disney, which already owns ESPN, divest all of Fox’s 22 regional sports networks, which include valuable channels like the Yankees’ YES network.
“Today’s settlement will ensure that sports programming competition is preserved in the local markets where Disney and Fox compete for cable and satellite distribution,” Makan Delrahim, the head the Justice Department’s antitrust division, said in a statement.
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Related articles:
- Disney increases its bid for Fox to $71.3BN Posted on June 21, 2018
- Walt Disney set to acquire 21st Century Fox businesses for $52.4BN Posted on December 14, 2017
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