Disney Nearing Approval of Fox Acquisition

After a costly bidding war, it appears Disney is set to acquire 21st Century Fox’s entertainment assets after winning U.S. antitrust approval.

As reported by¬†Bloomberg, Disney’s last major hurdle in acquiring 21st Century Fox’s entertainment assets was a series of federal antitrust laws that will be reportedly circumvented by Disney agreeing to “sell assets to resolve competitive harms arising from the merger.”

In accordance with this agreement, the U.S. Justice Department is expected to approve the deal in federal court. Following this, Comcast is expected to raise their bid once again in an attempt to acquire the assets.

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