The U.S. Department of Justice approved this $71.3 billion transaction.
Retained by Clearly Gottlieb
Counsel for 21st Century Fox (21CF) retained Aviv Nevo of the University of Pennsylvania and Cornerstone Research to assist in the U.S. Department of Justice’s regulatory review of Disney’s proposed $71.3 billion acquisition of 21CF film and TV studios and certain cable networks. Professor Nevo analyzed film and television production and distribution, sports programming, and cable networks.
The DOJ approved the acquisition subject to the divestiture of 21CF’s regional sports networks. The transaction officially closed in March 2019, after it received regulatory approvals in several jurisdictions outside the United States.
George A. Weiss and Lydia Bravo Weiss University Professor,
Professor of Economics and Marketing,
The Wharton School and Department of Economics,
University of Pennsylvania;
Former Deputy Assistant Attorney General for Economic Analysis, Antitrust Division, U.S. Department of Justice;
Senior Advisor, Cornerstone Research