November 19, 2018 / 4:12 PM / a month ago

Disney's Fox deal gets China's approval- CNBC

Nov 19 (Reuters) - Walt Disney Co on Monday received unconditional approval from China for its deal to buy Twenty-First Century Fox's entertainment assets, CNBC reported here on Monday.

Disney agreed to purchase Fox’s film and television assets for $71.3 billion and received approval from European Commission earlier this month, subject to certain conditions.

Disney shares rose 1 percent to $117.34, while those of Fox were up 3 percent at $49.60.

Disney and Fox did not immediately respond to requests for comment. (Reporting by Sayanti Chakraborty; Editing by Anil D’Silva)

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