Istanbul, Nov. 7 () - European Commission (EC) approved the Walt Disney Co.'s $71.3-billion offer to buy 21st Century Fox’s entertainment assets today, on the condition that it sell its stake in certain television channels in Europe.

The Commission’s action has no bearing on the operation of the channels in the U.S. and elsewhere. H2 was rebranded as Viceland in the U.S. in 2016.
The European Commission’s investigation found that combining Fox and Disney’s film studios raised no concerns because the merged company still faces significant competition from other film studios, including Sony, Universal and Warner Bros.