Walt Disney gets China's nod to buy Twenty-First Century Fox's entertainment assets

Walt Disney Co on Monday received unconditional approval from China for its deal to buy Twenty-First Century Fox's entertainment assets, CNBC reported on Monday.

Disney agreed to purchase Fox's film and television assets for $71.3 billion and received approval from European Commission earlier this month, subject to certain conditions.

Disney shares rose 1 per cent to $117.34, while those of Fox were up 3 per cent at $49.60.

Disney and Fox did not immediately respond to requests for comment.