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Now that 21st Century Fox's shareholders have approved the sale of its Walt Disney entertainment badets worth $ 71.3 billion ($ 95.8 billion), some investors will They are already worried about the next hurdle: China's regulatory approval. The agreement, while already having the green light from the US Department of Justice, still needs antitrust approval from 15 other regulators around the world. This includes the State Administration for Market Regulation because a small proportion (less than 2%) of Fox's revenue is generated in this country.
US President Donald Trump called Fox Co-President Rupert Murdoch to congratulate him when the deal was unveiled in December.
Photo: AP
Some investors fear that China will use this deal to fight back $ 500 billion worth of import rights threatened by US President Donald Trump, who has called Fox's co-president, Rupert Murdoch, to congratulate him when the deal was unveiled in December. Sarah Huckabee Sanders, White House spokeswoman, said at the time that Mr. Trump thought the agreement could be "a good thing for the job". , said people with knowledge of the issue who asked not to be identified because they were not allowed to talk to the media.
"Any deal requiring China's approval could be used as a lever and strategic tool in a trade war," Jennifer Rie, Bloomberg Intelligence's legal badyst, said after Fox's shareholder vote on Friday.
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