The Walt Disney Company’s bid for control of 21st Century Fox’s entertainment assets could get US Justice Department approval in a matter of weeks, according to reports.
Bloomberg cites a “person familiar with the matter” who says the antitrust approval could come in the next two weeks.
Disney has already agreed to sell off some of Fox’s assets in order to address competition problems in terms of antitrust law.
The approval could all but confirm Disney’s takeover, as it would create a major hurdle of Comcast’s counter-bid for Fox.
There has been no comment from the Department of Justice or Fox on the report.