Tencent Technology News December 18 According to foreign media reports, Disney and Fox have said to investors publicly that the two sides proposed a $ 66 billion merger agreement that took more than a year to complete and is subject to government regulatory approval.
There have been Democrats who have expressed concern about the deal, saying that it is clear that there will be monopoly issues when too much media is handed over to a company, and the representative has called for a special hearing in Congress.
Although the deal's stock value is $ 53.4 billion, counting Fox's net debt means that Disney needs to spend a total of roughly $ 66 billion.
According to Recode, the U.S. Department of Justice will most likely investigate the legality of the deal, but Congress still hopes to play a role in antitrust investigations.
'I'm very worried about the impact the deal has had on U.S. consumers.' 'Senator Amy Klobuchar said she is among the highest-ranking Democrats in the House Antitrust Regulatory Commission.
Klobuchar said she has asked the Republican leaders of the Senate Judiciary Committee to hold a hearing, after all, for such a massive takeover case, her group and similar agencies would take the appropriate action.
In addition to Klobuchar, there are other House members also expressed the same concern. 'This is another large-scale mergers and acquisitions, Disney's acquisition of 21st Century Fox means that the television, film and the news media are controlled in the same house In the hands of media giants, 'House Representative David Cicilline said.
Democrat Emanuel Cleaver also made the same statement about 'M & A.' The proposed Disney / Fox deal was a very serious one and could not be easily accepted by Congress, and I look forward to reviewing the details of the deal, Find out what impact the future will have on Americans. '