European Commission Approves Disney’s $71 Billion Acquisition Of Fox, With Conditions

Read on: Deadline
European antitrust regulators approved the
Walt Disney Co.’s $71.3-billion offer to buy 21st Century Fox’s entertainment assets today, on the condition that it sell its stake in certain television channels in Europe. Disney will have to divest its interests in History, H2, Crime & Investigation, Blaze and Lifetime in the European Economic Area (EEA) to avoid harming competition following its purchase from Fox. The channels are controlled by A+E Television Networks, which…