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Leading U.S. antitrust senator urges hearing on Disney, Fox deal

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Leading U.S. antitrust senator urges hearing on Disney, Fox deal

Leading U.S. antitrust senator urges hearing on Disney, Fox deal
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WASHINGTON (Reuters) – Senator Amy Klobuchar, the top Democrat on the Senate antitrust panel, urged the subcommittee on Friday to hold a hearing on Walt Disney Co’s <DIS.N> plan to buy a number of Twenty-First Century Fox Inc <FOXA.O> businesses.

Disney has struck a deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc for $52.4 billion in stock. The deal includes a plan to add Fox’s 22 regional sports networks to Disney’s No. 1 sports network ESPN.

“I’m concerned about the impact of this transaction on American consumers,” Klobuchar said in a statement.

“As the ranking member of the Senate Judiciary Subcommittee on Antitrust, I have asked Senator (Mike) Lee, who has worked closely with me in this area in the past, and Chairman (Chuck) Grassley to schedule a hearing on the proposed merger so that there is appropriate oversight over the antitrust review process,” she said.

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(Reporting by Diane Bartz; Editing by Susan Thomas)

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