FTC OK With Disney Purchase of NBCU's A+E Stake - Broadcasting & Cable

FTC OK With Disney Purchase of NBCU's A+E Stake

Deal gives Disney, Hearst equal share of cable programmer
Author:
Publish date:

The government Monday signaled it had no antitrust issues
with Disney's $3 billion purchase of NBCU's 15% stake in A+E.

That came in an early termination notice issued by the
Federal Trade Commission, which was vetting the deal. That notice means that
the FTC has terminated its Hart-Scott-Rodino antitrust review of the deal and
plans no action to block or modify the deal.

The
deal,
which was announced earlier this month and is expected to close in
the second half of the year, gives Disney and Hearst a 50% share each in the
cable company and its networks.

Related