The Walt Disney Company has offered antitrust concessions to help secure EU approval of its US$71.3 billion acquisition of 21st Century Fox’s entertainment assets. The move was announced Monday, October 15, by the European Commission, which is reviewing competition concerns over the merger, with Disney having submitted its proposals Friday October 12. Details of the concessions offered were not disclosed.
The European regulator has also extended its deadline for reviewing the merger from October 19 to November 11. The Commission is expected to consult with customers and media competitors before deciding whether to accept Disney’s proposed concessions.
Disney received approval of the acquisition from the US Justice Department in June after agreeing to sell off Fox’s 22 regional sports networks. Disney and Fox shareholders voted to approve the buyout on July 27.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Tuta Mail Raises Alarm Over Google Search Ranking Plunge Amidst DMA Rollout
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI