June 20, 2018 / 5:48 PM / 8 months ago

Disney nears U.S. nod for Fox deal - Bloomberg

People walk by Disney store at Times Square in the Manhattan borough of New York City, New York, U.S., June 15, 2018. REUTERS/Eduardo Munoz

(Reuters) - Walt Disney Co (DIS.N) is close to winning approval from U.S. antitrust regulators for its $71.3 billion (£54 billion) bid for the bulk of Twenty-First Century Fox Inc's (FOXA.O) media assets, Bloomberg reported here on Wednesday.

The Justice Department is set to approve the deal in as soon as two weeks, according to the report, which cited a person familiar with the matter.

Disney earlier in the day raised its offer and added a cash portion as it sought to top a $65 billion bid from Comcast Corp (CMCSA.O).

A Disney spokesman did not immediately respond to a request for comment on the Bloomberg report.

Reporting by Supantha Mukherjee in Bengaluru; Editing by Maju Samuel

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