Disney wins antitrust approval for Fox purchase. Fox shareholder vote to take place July 27th.

AnotherDayAnotherDollar · Jun 27, 2018

https://www.bloomberg.com/news/articles/2018-06-27/disney-is-set-to-win-antitrust-approval-today

Walt Disney Co. is set to win U.S. antitrust approval Wednesday for its $71 billion purchase of 21st Century Fox Inc.'s entertainment assets, according to a person familiar with the matter, raising hurdles to a potential rival bid from Comcast Corp, Bloomberg News reports.

The Justice Department is expected to file an agreement approving the deal in federal court, said the person, who asked not to be named because the approval wasn't yet public. Disney was expected to agree to sell assets to resolve competitive harms arising from the merger, a person familiar has said.

Story is still developing.

Update: approval has been granted:

https://www.bloomberg.com/news/arti...win-antitrust-approval-for-fox-today-jix9wdna

Walt Disney Co. won U.S. antitrust approval for its $71 billion purchase of 21st Century Fox Inc.'s entertainment assets, raising hurdles to a potential rival bid from Comcast Corp.

Disney agreed to sell Fox's regional sports networks to resolve the Justice Department's concerns that the deal would raise prices for pay-TV companies, according to court filings made Wednesday in New York.

Shareholder voting date set for July 27th.

ZattMurdock said:

ZattMurdock · Jun 27, 2018

Killthee · Jun 27, 2018

All hail our megacorp overlords.... : /

Neoxon · Jun 27, 2018

Disney: You should have gone for the head.

*snap*

Platy · Jun 27, 2018

Federal judge ruling in favor of Disney

The actual news is that this has nothing to do with copyright laws

Liquid Plejades · Jun 27, 2018

ZattMurdock said:

Jesus Christ

AlexFlame116 · Jun 27, 2018

Killthee said:
All hail our megacorp overlords.... : /

One was gonna win whether we wanted them to or not. I'm going with the one that isn't trying to screw my internet.

Laserdisk · Jun 27, 2018

Neoxon · Jun 27, 2018

Killthee said:
All hail our megacorp overlords.... : /

It's more of a "lesser of two evils" kind of thing. Better Disney than Comcast.

ContractHolder · Jun 27, 2018

Holy shit. I thought we had another week.

McMahon · Jun 27, 2018

fuck yes

jack_package_200 · Jun 27, 2018

Yeah I am not gonna celebrate this. As much fun as it might be for Xmen and Fantastic 4 to be in the MCU , I don't like seeing a mega corporation like this absorbing something like Fox.

ReginOfFire · Jun 27, 2018

YESSSSSSSSSS FUCK YOU UNIVERSAL PICTURES

cognizant · Jun 27, 2018

IT'S HOMING HOME. 3 X-MEN ON THE SHIRT.

WastemanLoso · Jun 27, 2018

Checkmate by Disney

smurfx · Jun 27, 2018

guess disney will have the best streaming app once they get full control of hulu. wonder how much are they going to raise the price.

JimJamJones · Jun 27, 2018

What does this mean for the actual purchase timeframe?

Waggles · Jun 27, 2018

Finally, Deadpool Kills the MCU can move forward.

borghe · Jun 27, 2018

jack_package_200 said:
Yeah I am not gonna celebrate this. As much fun as it might be for Xmen and Fantastic 4 to be in the MCU , I don't like seeing a mega corporation like this absorbing something like Fox.

Was always a "who" not "if"

This is the best outcome being Fox was always going to be bought.

Comcast is terrible. At least Disney doesn't (currently) have the leverage to lock all of their content behind their services exclusively. This would have very much so given Comcast the ability to do so. From their network all the way to content provision (cable, OTT, Hulu, etc)

PanzerKraken · Jun 27, 2018

Neoxon said:
It's more of a "lesser of two evils" kind of thing. Better Disney than Comcast.

This still is shitty either way, wish they never had to sell.

ZattMurdock · Jun 27, 2018

Comcast, you still can have this if you want to:

Just saying.

Serene · Jun 27, 2018

What assets are they selling? RSNs?

Deleted member 22630 · Jun 27, 2018

borghe said:
Was always a "who" not "if"

This is the best outcome being Fox was always going to be bought.

Yup, if a company is looking to sell that's pretty much the end of the discussion.

Foltzie · Jun 27, 2018

ZattMurdock said:

Funny, but Ma Bell owns DC now. . . The Mouse isnt getting that one. . . At least not without another merger, which may not be crazy. . . as I dont know that this would be seen as a horizontal merger.

Tom Nook · Jun 27, 2018

Damn.

FOX got an extra 20 Billion. LOL

FOX: Thanks Comcast.

ZattMurdock · Jun 27, 2018

Foltzie said:
Funny, but Ma Bell owns DC now. . . The Mouse isnt getting that one. . . At least not without another merger, which may not be crazy. . . as I dont know that this would be seen as a horizontal merger.

That was a joke post. We all know that Marvel and DC don't belong together. I honestly hope that AT&T saves DC in film, we all need that win.

Bishop89 · Jun 27, 2018

Bring us DOOM

Distantmantra · Jun 27, 2018

Killthee said:
All hail our megacorp overlords.... : /

And Comcast would've been better?

Elegant Weapon · Jun 27, 2018

What Fox did with the X-Men was atrocious. Marvel Studios about to snap their fingers on these hoes

jack_package_200 said:
Yeah I am not gonna celebrate this. As much fun as it might be for Xmen and Fantastic 4 to be in the MCU , I don't like seeing a mega corporation like this absorbing something like Fox.

It would have went to another bigger megacorp anyway so whatever?

jack_package_200 · Jun 27, 2018

borghe said:
Comcast is terrible. At least Disney doesn't (currently) have the leverage to lock all of their content behind their services exclusively. This would have very much so given Comcast the ability to do so. From their network all the way to content provision (cable, OTT, Hulu, etc)

Fair enough

blame space · Jun 27, 2018

cool, things I like get other things I like! thing I like!

borghe · Jun 27, 2018

Serene said:
What assets are they selling? RSNs?

Thought this was always a Comcast provision if they got Fox for regulatory approval. I don't think Disney "has to" sell them... but apparently they are about 1/3 the total value. So if Disney just wants the assets and IPs that would probably be a smart sale.

nintendoman58 · Jun 27, 2018

REED RICHARDS IS ELASTIC

SUE CAN FADE FROM SIGHT

JOHNNY IS THE HUMAN TORCH

THE THING JUST LOVES TO FIGHT

CALL THE FOUR

FANTASTIC FOUR

smurfx · Jun 27, 2018

Elegant Weapon said:
What Fox did with the X-Men was atrocious. Marvel Studios about to snap their fingers on these hoes

i still like logan more than any marvel movie.

SlyCoug88 · Jun 27, 2018

Why are we so sure this shuts Comcast out? Can't they just come with more money and agree to sell the same things?

KtotheRoc · Jun 27, 2018

At least Marvel will be making FF and X-Men movies. (And they won't treat them like they don't exist in video games and other projects now.)

Aselith · Jun 27, 2018

Killthee said:
All hail our megacorp overlords.... : /

Dude, Fox was already a megacorp lmao. This doesn't change a damn thing except maybe they'll start making good movies

BWoog · Jun 27, 2018

CAN YOU FEEL THE STORM???

Lump · Jun 27, 2018

I know not how Kingdom Hearts III will end, but Kingdom Hearts IV will begin in Nakatomi Plaza.

Choppasmith · Jun 27, 2018

KtotheRoc said:
At least Marvel will be making FF and X-Men movies. (And they won't treat them like they don't exist in video games and other projects now.)

While that's all well and good, I'm just looking forward to the end of the "Fox Ban" and actually see X-Men and F4 integrated into merchandise and other media again.

Elegant Weapon · Jun 27, 2018

smurfx said:
i still like logan more than any marvel movie.

Eh, a bit too edgy grim dark for me. I'd rather watch any Phase 3 movie

BWoog said:
CAN YOU FEEL THE STORM???

X-Man lol

Tace · Jun 27, 2018

KtotheRoc said:
At least Marvel will be making FF and X-Men movies. (And they won't treat them like they don't exist in video games and other projects now.)

Yeahhhhh son. I hope current Capcom can convince them to take another swing at Marvel vs. Capcom

ZattMurdock · Jun 27, 2018

BWoog said:
CAN YOU FEEL THE STORM???

I hope they remember you, Comcast.

Kurdel · Jun 27, 2018

God I am so hyped for this!

Bishop89 · Jun 27, 2018

Lump said:
I know not how Kingdom Hearts III will end, but Kingdom Hearts IV will begin in Nakatomi Plaza.

Hahaha.

Shit didn't realise Disney gets die hard.

borghe · Jun 27, 2018

SlyCoug88 said:
Why are we so sure this shuts Comcast out? Can't they just come with more money and agree to sell the same things?

Prior to it passing regulatory approval, what Comcast was doing was essentially trying to take Fox out of Disney's cart in the checkout line.

Post approval it is much closer to essentially trying to take Fox out of Disney's bags as they are at the register handing their money over.

bear force one · Jun 27, 2018

To me, my X-Men!

RedHeat · Jun 27, 2018

Based Disney.

ZattMurdock · Jun 27, 2018

borghe said:
Prior to it passing regulatory approval, what Comcast was doing was essentially trying to take Fox out of Disney's cart in the checkout line.

Post approval it is much closer to essentially trying to take Fox out of Disney's bags as they are at the register handing their money over.

LMFAO excellent analogy.

Tom Nook · Jun 27, 2018

Lump said:
I know not how Kingdom Hearts III will end, but Kingdom Hearts IV will begin in Nakatomi Plaza.

John McClane to Sora/Goofy/Donald: Welcome to party pals.

Disney wins antitrust approval for Fox purchase. Fox shareholder vote to take place July 27th.

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