Disney, Featured, Movie News

China Has Given The Green Light To The Disney/Fox Deal

[vc_row][vc_column][vc_single_image image=”10474″ img_size=”1100×600″ alignment=”center”][vc_column_text]As of today, Walt Disney’s deal with 21st Century Fox has finally been approved by Chinese regulators, which was a $71.3 billion acquisition of 21st Century Fox film and television.

According to Variety

The news goosed the stock of both companies, sending Disney shares up .77% to $117.08 and lifting Fox shares up more than 3% to $49.63. Disney has said that it expects its purchase of key Fox brands such as NatGeo, FX, and 20th Century Fox to close in the first half of 2019. Disney said the deal received “unconditional approval.”

There is the problem with Donald Trump causing a trade war with China this is what it says.

There had been some concerns in investment circles that President Donald Trump’s escalating trade war with China could cause the powers that be in Beijing to throw a wrench in the antitrust approval process, slowing a pact that many expect will transform the entertainment landscape. The deal will give Disney access to key film brands such as Avatar and X-Men, as well as TV hits such as “Atlanta,” “It’s Always Sunny in Philadelphia,” and “American Horror Story.” Fox’s remaining assets, which include Fox News and Fox Broadcasting, will be spun off into a new independent company.

It has been a really busy year for Disney hoping to get approved, which they did with Chinese regulators and they were also approved in Europe too.

What is your thought on the progress of the Disney-Fox deal? Comment down below and as always give us a follow on Twitter @GeekVibesNation.

Source: ComicBook

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