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The regulatory authorities have authorized the merger of the Disney and Fox groups, provided they sell their sports channels, which has been accepted by the company, paving the way for the creation of a giant in a media sector in full transformation.
To get approval in this lawsuit, Disney has to leave 22 local sports chains to maintain competition, said the United States Department of Justice in announcing that the company has agreed.
The announcement makes Fox's offer for Fox closer to becoming a reality.
Disney, which recently had to increase its initial offer for Fox, after the counter-offer of 65 billion Comcast, would pay more than 71 billion dollars to take back the badets of the company, including the movie studios – half in cash and half in aes.
However, the spindle of these two giants is still not a fact, since Comcast was apparently looking for a trading partner to increase the offer for Disney, according to Wall Street Journal and Bloomberg reports.
Fox shares rose 1.7% to $ 48.50. Disney's shares rose 0.7% to 104.96 while Comcast shares fell 0.3% to $ 32.67.
The Department of Justice has argued that these sports channels should be sold because Disney and Fox are currently competing in sports programming in several US markets. A time zone, therefore, would mean higher prices for these customers.
US consumers have benefited from strong competition between Disney and Fox in sports programming, said antitrust prosecutor Makan Delrahim.
"With this agreement, we ensure that competition continues" in this sector, said Delrahim. This agreement still needs to be approved by a federal court.
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