The European Commission announced that EU antitrust regulators have set an October 19 deadline for their ruling on the Walt Disney Company’s bid for the entertainment assets of 21st Century Fox.
While the U.S. Justice Department approved Disney’s $71.3 billion bid for key 21st Century Fox assets on the condition that Disney sells Fox’s 22 regional sports networks, the deal is still awaiting approval from the EU. While a filing on the EU competition website indicates that Disney was seeking EU approval for the deal on September 14, EU antitrust regulators have set the aforementioned October date as the deadline for their ruling.
The EU can either approve the deal with or without conditions or, should there be any serious concerns, it can open a four-month long investigation.
Of course, should Disney’s bid for Fox’s assets be approved, it would bring several properties such as The Simpsons and Avatar under the House of Mouse’s umbrella. Undoubtedly, a significant number of fans are most excited to see Fox’s X-Men and Fantastic Four join Marvel Studios Cinematic Universe.
Additions Fox assets that would be acquired by Disney include FX Networks, National Geographic and 300-plus international channels as well as Fox’s stake in Hulu.
Stay tuned to Heroic Hollywood for the latest news on all the pending deal between Disney and Fox!