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Disney said in a statement that it is pleased to resolve the Justice Department's "limited potential concerns." The company had earlier said in proxy filings that it would sell the sports networks if required by the government. Disney first reached an agreement last December to buy most of Fox's TV and movie assets. The company sweetened its offer earlier this month after Comcast tried to gatecrash the deal. Comcast ( CMCSA ) has not said publicly whether it will try to counter again. Comcast did not immediately respond to a request for comment Wednesday. Last week, Fox said it would still consider bids from other companies, even though it believed Disney's new offer was better than Comcast's. 21st Century Fox is the next big prize as the media industry consolidates to survive against competitors such as Netflix and Facebook. If Disney ( DIS ) closes the deal, it will get Fox's movie studio along with cable channels like FX and National Geographic. Disney would also get Fox's stake in the streaming service Hulu, along with its stake in the European broadcaster Sky. The government approved the Disney deal with Fox about six months after the merger was announced, a relatively quick timeline for the large size of the transaction. Wednesday's news comes about two weeks after the Justice Department lost its attempt in court to stop AT&T from buying CNN parent company Time Warner.
For the original version including any supplementary images or video, visit http://money.cnn.com/2018/06/27/media/disney-fox-antitrust/index.html
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