U.S. gives Disney approval to buy Fox amid bidding war with Comcast

Walt Disney Co (DIS.N) won U.S. approval to buy Twenty-First Century Fox Inc (FOXA.O) entertainment assets for $71.3 billion on condition it sell Fox's 22 regional sports networks, the Justice Department said on Wednesday, giving Disney an edge over Comcast Corp's (CMCSA.O) competing bid. The Fox movie franchises and TV shows have been the subject of a bidding war between Disney and Comcast, both of which want to expand their own entertainment businesses to compete with fast-growing digital rivals Netflix Inc (NFLX.O) and Amazon.com Inc (AMZN.O).

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