Justice Dept. approves Disney's bid for 21st Century Fox

Posted at 4:07 AM, Jun 28, 2018

The merger between Disney and 21st Century Fox has officially been given the green light.

The U.S. Justice Department has approved Disney's $71 billion bid.

Disney is now able to purchase most of the company's assets.

However, as part of the settlement, Disney will have to sell 22 of Fox's regional sports networks.

FOX News and the FOX Broadcasting Network are not part of the deal.

You can read more about how the Disney/21st Century Fox bid may impact the entertainment industry here.