21st Century Fox is selling all of their movie studio 20th Century Fox, FX, National Geographic, their stake in Hulu, their stake in international broadcaster Sky and 22 regional sports networks.
Regulators approved the merger on the condition that Disney sells off those regional sports networks.
U.S. antitrust regulators have approved Disney’s $71 billion offer for 21st Century Fox’s media assets, meaning that the deal is much closer to being done.
The deal between Fox and Disney was initially agreed upon and announced last December, but it’s taken quite a bit of time to put it together behind the scenes.