Government shutdown delays Disney deal
The deal between Capital Cities/ABC and Disney is on hold due to the government shutdown. Although the deal is ready to be finalized, it's on hold until regulators can rule on it.
In the wake of the government shutdown, the deal merging Capital Cities/ABC and the Walt Disney Company is on hold until Federal Communications Commission (FCC) regulators get back to work.
Although the two companies have worked out the details, final approval is still lacking. According to government officials, the closing of the FCC has put the kibosh on sealing the deal.
The Disney/Capital Cities deal isn't the only one being held up by the government shutdown, however. According to FCC officials, the agency has also dropped work on Barry Diller's bid to take over Silver King Communications.
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