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Leading U.S. antitrust senator Amy Klobuchar urges hearing on Disney, Fox deal
Source: Reuters
#BUSINESS NEWS DECEMBER 15, 2017 / 5:32 PM / UPDATED AN HOUR AGO
Leading U.S. antitrust senator urges hearing on Disney, Fox deal
Reuters Staff
2 MIN READ
WASHINGTON (Reuters) - Senator Amy Klobuchar, the top Democrat on the Senate antitrust panel, urged the subcommittee on Friday to hold a hearing on Walt Disney Co’s (DIS.N) plan to buy a number of Twenty-First Century Fox Inc (FOXA.O) businesses.
Disney struck a deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc for $52.4 billion in stock. The deal includes a plan to add Fox’s 22 regional sports networks to Disney’s No. 1 sports network ESPN.
“I’m concerned about the impact of this transaction on American consumers,” Klobuchar said in a statement.
“As the ranking member of the Senate Judiciary Subcommittee on Antitrust, I have asked Senator (Mike) Lee, who has worked closely with me in this area in the past, and (Judiciary Committee) Chairman (Chuck) Grassley to schedule a hearing on the proposed merger,” she said.
-snip-
Leading U.S. antitrust senator urges hearing on Disney, Fox deal
Reuters Staff
2 MIN READ
WASHINGTON (Reuters) - Senator Amy Klobuchar, the top Democrat on the Senate antitrust panel, urged the subcommittee on Friday to hold a hearing on Walt Disney Co’s (DIS.N) plan to buy a number of Twenty-First Century Fox Inc (FOXA.O) businesses.
Disney struck a deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc for $52.4 billion in stock. The deal includes a plan to add Fox’s 22 regional sports networks to Disney’s No. 1 sports network ESPN.
“I’m concerned about the impact of this transaction on American consumers,” Klobuchar said in a statement.
“As the ranking member of the Senate Judiciary Subcommittee on Antitrust, I have asked Senator (Mike) Lee, who has worked closely with me in this area in the past, and (Judiciary Committee) Chairman (Chuck) Grassley to schedule a hearing on the proposed merger,” she said.
-snip-
Read more: https://www.reuters.com/article/us-fox-m-a-disney-senator/leading-u-s-antitrust-senator-urges-hearing-on-disney-fox-deal-idUSKBN1E92WT
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