Acquisition: Disney Agrees To Sell Off 21st Century Fox's Sports Network

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American entertainment conglomerate, Walt Disney Company, has agreed to sell off 21st Century Fox’s 22 sports network, the only stumbling block to its acquisition of the media company.

The Justice Department had, on Wednesday, told the Federal court that this was the only caveat that it needed to do to be able to approve the acquisition of Rupert Murdoch’s TV empire but Disney released a statement saying that it is willing to resolve the “limited potential concerns”.

The $71.3 billion deal has placed the conglomerate ahead of COMCAST, its competitor.

Before Disney’s amount increase of the deal, COMCAST had explained intentions of securing the regulatory approval for $65 billion while Disney’s stood at $52.4 billion as at December 14. FOX’s board went back to the…



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