Walt Disney has moved one step closer to completing its acquisition of Fox.
The European antitrust regulators have issued their ruling in the acquisition of Fox by The Walt Disney Company with only a few conditions. Disney will need to divest itself of its interested in History, H2, Crime & Investigation, Blaze, and Lifetime within the European Economic Area. This is to help diversify the marketplace, and will not apply to the company’s interests in the United States.
“We are gratified by the decision of the European Commission to clear the transaction with the sole remedial measure being the divesting of our interests in Europe of the History, H2, Crime + Investigation, Blaze and Lifetime channels,” the company said in a statement. “Disney will continue to be a 50% owner of A&E apart from the companies operating these channels in Europe. We continue to pursue clearance as quickly as possible in the jurisdictions that remain.”
Disney is currently aiming to close the transaction by Jan. 1, 2019, so the pressure is definitely on to get everything wrapped up as soon as possible.