EU: EC approves Disney’s US$71b Fox buy, but Disney needs to sell History and Lifetime
Disney’s US$71.3-billion offer to buy Twenty-First Century Fox’s entertainment assets won approval from the European Commission on Tuesday, November 6, subject to Disney selling interests in factual TV channels in Europe, reported CNBC.
Disney committed to divest its interests in channels including History and Lifetime in the European Economic Area (EEA) to avoid harming competition following its purchase from Fox, reported the EU regulator.
“The decision is conditional on full compliance with commitments offered by Disney,” the Commission announced.
The channels it must end its interest in are A+E Television Networks, History, H2, Crime & Investigation, Blaze, and Lifetime channels—currently owned by A+E Television Networks, a joint venture between Disney and Hearst.
Disney secured conditional approval from the US Justice Department for the deal in June after agreeing to sell Fox’s 22 regional sports networks.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 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