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The Walt Disney Company just received its biggest boost yet in its quest to beat out Comcast for the right to purchase 21st Century Fox: the Justice Department has conditionally approved Disney’s deal for Fox.
As part of the DOJ’s approval, Disney has agreed to divest Fox’s 22 regional sports networks, which were initially going to be part of the merger.
“Today’s settlement will ensure that sports programming competition is preserved in the local markets where Disney and Fox compete for cable and satellite distribution,” said Makan Delrahim, chief of the Justice Department’s antitrust division, in a statement.
The DOJ’s thumbs-up gives Disney a huge advantage over Comcast.
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