June 20, 2018 / 5:50 PM / a year ago

Disney nears U.S. nod for Fox deal: Bloomberg

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

(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

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