U.S. Justice Dept. Approves Disney Purchase Of 21st Century Fox (With One String Attached)

“Disney has moved one step closer to purchasing a big chunk of 21st Century Fox. On Wednesday, the Justice Department announced it had approved the proposed deal, valued at a total $71.3 billion … with one caveat: Disney, the owner of ESPN, must sell off 22 regional sports networks that were originally a part of the purchase, to avoid undue dominance in sports broadcasting.”