Los Angeles Times

Brazil approves Disney's purchase of Fox assets, paving the way for the deal to close

Walt Disney Co. has cleared one of the last major hurdles in its quest to buy much of 21st Century Fox.

Brazil's antitrust regulator, Cade, after a proceeding Wednesday, approved Disney's $71.3-billion deal after Disney agreed to sell a sports channel in Brazil. The South American government's conditional approval of the deal moves the

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