WASHINGTON (Reuters) - Senator Amy Klobuchar, the top Democrat on the Senate antitrust panel, urged the subcommittee on Friday to hold a hearing on Walt Disney Co's plan to buy a number of Twenty-First Century Fox Inc businesses.
Disney struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock. The deal includes a plan to add Fox's 22 regional sports networks to Disney's No. 1 sports network ESPN.
"I'm concerned about the impact of this transaction on American consumers," Klobuchar said in a statement.
"As the ranking member of the Senate Judiciary Subcommittee on Antitrust, I have asked Senator (Mike) Lee, who has worked closely with me in this area in the past, and (Judiciary Committee) Chairman (Chuck) Grassley to schedule a hearing on the proposed merger," she said.
Lee, who chairs the subcommittee, has asked his staff to take a close look at the proposed deal, Conn Carroll, a spokesman for Lee, said. "A hearing has not been ruled out."
Five antitrust experts said this week the deal would likely win approval from the U.S. Justice Department, which is expected to review the purchase since they have reviewed other content deals, although the agency may require asset sales or conditions.
(Reporting by Diane Bartz; Editing by Susan Thomas)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
