The European Union has revealed that they expect to announce their decision on The Walt Disney Company acquiring 21st Century Fox on October 19, 2018. The regulator was officially notified of the merger on September 14, 2018.
EU Options:
- The regulator can approve the merger
- Approve the deal with concessions
- Open a four-month long investigation if the regulator has serious concerns about the deal
Governments That Have Already Approved the Merger:
- The United States
- India
Other Disney/Fox Business News:
- Viet Dinh resigned from Fox’s Board of Directors. It was then announced that he will be the Chief Legal and Policy Officer of “New Fox,” which will include the assets Disney will not be acquiring
- With neither Fox nor Comcast revealing a “best and final offer,” it appears that an auction will be taking place for Sky
- Disney had layoffs at Disney Consumer Products as part of its integration with Disney Parks