US regulators have cleared The Walt Disney Company’s plan to acquire most of 21st Century Fox, removing a final hurdle to the $71.3 billion (€61.5bn) deal.
The approval requires the sale of Fox’s regional sports networks in the US, due to competition concerns, the Justice Department’s antitrust division said. Disney, which had signalled willingness to sell the sports networks, said it was “pleased” with the decision.
The deal still needs approval in other countries to go forward.
Disney is planning to buy Fox’s entertainment assets in the hope of competing with streaming giants such as Netflix and Amazon.