June 27, 2018 / 3:44 PM / 9 months ago

U.S. set to give antitrust approval for Disney-Fox deal -source

WASHINGTON, June 27 (Reuters) - The U.S. Justice Department is set to grant antitrust approval for Walt Disney Co to acquire most of Twenty-First Century Fox Inc’s assets as early as Wednesday, a source familiar with the matter said.

Earlier this month, Comcast Corp offered $65 billion to lure Fox away from the Disney deal, setting up a bidding war between two of the largest U.S. media companies with its 20 percent higher offer. The Fox-Disney deal still needs numerous other regulatory approvals from other countries. Disney and the Justice Department did not immediately respond to requests for comments.

Reporting by Diane Bartz and David Shepardson Editing by Jeffrey Benkoe

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