EU approves Disney’s $71 billion acquisition of Fox, but it will have to get rid of some networks

EU approves Disney's $71 billion acquisition of Fox, but it will have to get rid of some networks

Disney’s $71.Three-billion supply to purchase Twenty-First Century Fox’s leisure property received approval from the European Fee on Tuesday, topic to Disney promoting pursuits in factual TV channels in Europe.

The EU competitors regulator mentioned in an announcement that Disney had dedicated to divest its pursuits in channels together with Historical past and Lifetime within the European Financial Space (EEA) to keep away from harming competitors following its buy from Fox.

“The choice is conditional on full compliance with commitments provided by Disney,” the Fee mentioned.

The channels it should finish its curiosity in are A+E Tv Networks, Historical past, H2, Crime & Investigation, Blaze and Lifetime channels — at the moment owned by A+E Tv Networks, a three way partnership between Disney and Hearst.

Disney secured approval from the U.S. Justice Division for the deal in June on situation after agreeing to promote Fox’s 22 regional sports activities networks.

The deal would broaden Disney’s unmatched portfolio of a number of the world’s hottest characters, uniting Mickey Mouse, Luke Skywalker and Marvel superheroes with Fox’s X-Males, “Avatar” and “The Simpsons” franchises.

Disney owns ABC, ESPN, Pixar, Marvel Studios and “Star Wars” producer Lucasfilm, plus an array of theme parks. The Fox property being acquired embrace a cable group with FX Networks, Nationwide Geographic and 300-plus worldwide channels, plus Fox’s stake in Hulu.

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