Magazine article Screen International

Chinese Regulator Approves Disney-Fox Deal

Magazine article Screen International

Chinese Regulator Approves Disney-Fox Deal

Article excerpt

Breakthrough allays fears that US-China trade war would block approval.

Bob Iger

Chinese regulators have approved the impending acquisition by Disney of the 21st Century Fox entertainment assets, ending fears that local antitrust authorities would block a merger in respnse to the US-China trade war.

Disney confirmed to Screendaily the thumbs-up for the $71.3bn transaction and said it comes without conditions. News of the approval sent stocks rising at both companies.

Monday’s development means Disney has cleared a major hurdle following concerns that Chinese agency the State Administration for Market Regulation would take a dim view of the transaction against the backdrop of the Donald Trump presidency. …

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