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EU approves Disney buy from Fox if makes TV divestments

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(Reuters) - Walt Disney's $71.3-billion offer to buy Twenty-First Century Inc's entertainment assets won approval from the on Tuesday, subject to selling interests in factual TV channels in

The EU competition regulator said in a statement that had committed to divest its interests in channels including History and Lifetime in the to avoid harming competition following its purchase from

"The decision is conditional on full compliance with commitments offered by Disney," the Commission said.

The channels it must end its interest in are A+E Television Networks, History, H2, Crime & Investigation, Blaze and Lifetime channels -- currently owned by A+E Television Networks, a joint venture between and

Disney secured approval from the for the deal in June on condition after agreeing to sell Fox's 22 regional sports networks.

The deal would expand Disney's unrivalled portfolio of some of the world's most popular characters, uniting Mickey Mouse, and Marvel superheroes with Fox's X-Men, "Avatar" and "The Simpsons" franchises.

Disney owns ABC, ESPN, Pixar, and "Star Wars" Lucasfilm, plus an array of theme parks. The assets being acquired include a group with FX Networks, and 300-plus international channels, plus Fox's stake in

(Reporting by Alastair Macdonald)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 06 2018. 22:01 IST
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