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Fox-Disney deal: CCI approves takeover of Murdoch's company in India

The Competition Commission of India has communicated to the lawyers at Disney India of the body's approval of the deal

Fox-Disney deal: CCI approves takeover of Murdoch's company in India
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Urvi Malvania Mumbai
The acquisition of Murdoch’s 21st Century Fox by The Walt Disney Company is one step closer to fruition with the merger of Star India and related assets (Fox Star Studios and National Geographic channels) gaining approval from the Competition Commission of India. The Disney-Fox deal got the approval of the Department of Justice in the United State of America in June this year, while shareholders of both the companies approved the deal late July. 

Sources close to the development reveal that India is among the three crucial markets outside the US and the approval by the CCI means that all