US Justice Department gives go-ahead for Disney-Fox merger amid bidding war
The US Department of Justice (DOJ) today approved the acquisition of 21st Century Fox by the Walt Disney Company.
The announcement came a week after the DOJ lost a lawsuit against AT&T's merger to Time Warner (now named Warnermedia), which further cleared out a path for Disney's $71bn bid to happen, as well as others predicted to follow. According to reports today, Comcast has been looking to assemble assets to make another bid for the Murdoch-owned media conglomerate.
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