FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid
June 20, 2018
(Reuters) – Walt Disney Co <DIS.N> 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 <FOXA.O> 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 <CMCSA.O>.
A Disney spokesman did not immediately respond to a request for comment on the Bloomberg report.
(Reporting by Supantha Mukherjee in Bengaluru; Editing by Maju Samuel)
