The Walt Disney Company overcame another hurdle on their run toward completing their acquisition of numerous 21st Century Fox assets as Chinese regulators have approved the proposed transactions.

21st Century Fox

  • As CNBC reports, regulators in the People’s Republic of China have given the greenlight to Disney’s purchase of 21st Century Fox assets.
  • Furthermore, unlike regulators in the United States and the European Union that demanded Disney sell off certain investments before the deal could clear, China’s approvals comes without any further conditions.
  • While this still doesn’t guarantee that the acquisition will close as expected in early 2019, it does mean that represents another major obstacle been cleared.
  • Prior to today’s announcement, there was some speculation that China might hold up the deal in a bid to gain leverage on the U.S. as a trade war between the two nations persists.
  • Luckily, that did not turn out to be the case.
  • The Disney-Fox deal is expected to close in early 2019, giving Disney ownership of 20th Century Fox studios, television stations such as FX, a stake in National Geographic, and more.
 
 

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