Disney Offers Concessions To Secure EU Approval For Fox Deal

(RTTNews) - The Walt Disney Company (DIS) has reportedly offered antitrust concessions to help secure regulatory approval from the European Union for its $71.3 billion acquisition of 21st Century Fox's entertainment assets.

The Commission has extended its deadline for reviewing the deal to November 11 from October 19. The regulator is now expected to seek feedback from customers and rivals before deciding whether to accept the concessions or demand more.

Disney secured approval from the U.S. Justice Department for the deal in June on condition after agreeing to sell Fox's 22 regional sports networks.

Disney will strengthen is already dominant position in the entertainment industry with Fox deal. The entertainment conglomerate will add Fox's Avatar, X-Men and the Simpsons franchises to its already huge list of successful properties, including Star Wars, Marvel and Pixar.