Deals
Disney Is Near U.S. Antitrust Approval on Fox in a Blow to Comcast
- Justice Department could clear deal in as soon as two weeks
- Antitrust approval would boost Disney offer in fight over Fox
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Walt Disney Co. is close to winning U.S. antitrust approval for its $71 billion deal for 21st Century Fox Inc.’s entertainment assets, according to a person familiar with the matter, creating a potentially insurmountable hurdle for a rival bid from Comcast Corp.
The Justice Department is set to approve the deal in as soon as two weeks, said the person, who declined to be named because the investigation is confidential. Disney has agreed to sell some assets to address competition problems stemming from the tie-up, according to the person.