January 11th, 2019 | by CollegeAD

In an SEC filing, 21st Century Fox has confirmed it will not bid on any of its regional sports networks that are headed to Disney as part of the company’s acquisition of Fox assets and then sold off again per a regulatory agreement. Disney has agreed to divest of the RSNs as a condition of getting approval from the U.S. Department of Justice for its $71.3 billion Fox deal. Regulators were concerned about the RSNs being combined with ESPN assets and creating a monopoly. Fox’s executive chairman Lachlan Murdoch, who will lead the post-merger Fox entity, said at the New York Times Dealbook conference last November that the notion of bidding on the RSNs was an “open question” and that the company “will be inquisitive” on the matter. -Dade Hayes, Deadline. Read More.

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