Disney nears U.S. nod for Fox deal - Bloomberg
Walt Disney Co is close to winning approval from U.S. antitrust regulators for its $71.3 billion bid for the bulk of Twenty-First Century Fox Inc`s media assets, Bloomberg reported on Wednesday.
The Justice Department is set to approve the deal in as soon as two weeks, according to the report, which cited a person familiar with the matter.
Disney earlier in the day raised its offer and added a cash portion as it sought to top a $65 billion bid from Comcast Corp.
A Disney spokesman did not immediately respond to a request for comment on the Bloomberg report.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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