Tag Archives: Cade

Fox-Disney merger to be examined again in Brazil

Brazilian Economic Defense Administrative Council (CADE) announced it will examine Disney-Fox merger, completed in March this year and approved in the country in February, one more time. The only condition ordered for the operation was to sell Fox Sports in the country. After the initial term imposed for the sale has expired, CADE decided to [...]

Anatel puts off decision on AT&T-Time Warner merger

The analysis on Time Warner and AT&T merger by the Brazilian regulator Anatel was postponed last August 22nd, as requested by advisor Moises Moreira. The decision was made to make a deeper review and resume the merger process between the companies on September 5th. At that meeting, an additional 120-day extension may be requested for [...]

Disney hires Pyne Media to sell Fox Sports in Brazil

Disney hired an independent company to negotiate with potential interested parties, with the aim of selling Fox Sports in Brazil and concluding its merger with Fox. The company also decided to cut funds from Fox Sports until its sale to another media group is done. Pyne Media, ESPNs Global Distribution former President Benjamin Pynes independent [...]

Fox Sports Mexico begins its sales process

The Telecommunications Federal Institute (IFT) Plenary approved the candidates proposed by Fox and Disney as Independent Auditor and Disincorporation Agent and, that way, allow Mexican Fox Sports channels sale. With the Agents designation, a six-month period is granted for the sale, extendible in an only opportunity for justified reasons. Once notified, Disney and Fox have [...]

DAZN could buy Fox Sports Brazil

Sports OTT DAZN, soon to be launched in Brazil, could be one of the  possible candidates to buy Fox Sports in the country, according to Brazilian journalists Eduardo Ohata (Yahoo) and Mauricio Lima (Veja magazine). Fox Sports sale was an Economic Defense Administrative Councils (CADE) decision,  which approved the merger between Fox and Disney but [...]

Disney buys Fox officially

Early this Wednesday, March 20th, The Walt Disney Company officially acquired 20th Century Fox, in an agreement valued at USD 71,300 million. The merger between the two companies took place after sailing their sports networks in Mexico and Brazil, as ordered by the Telecommunications Federal Institute (IFT) and the Economic Defense Administrative Council (CADE). It [...]

IFT approves Disney-Fox merger in Mexico with its sports channels sale

Telecommunications Federal Institute (IFT) approved the agreement between Walt Disney and 21st Century Fox entertainment assets for USD 71 billion, with the condition that both companies agree to sell Fox Sports channels and programming rights in Mexico. Information was given by newspaper El Financiero, which mentions two people with knowledge of the situation. Disney expects [...]

La Tercera reports Fox Sports Chile possible sale

Chilean newspaper La Tercera reported that Fox Sports Chile could be put on sale because the order to get rid of assets in Brazil was coordinated by the Economic Defense Administrative Council (CADE) together with the National Economic Prosecutor’s Office (FNE of Chile) , which developed a legal process to analyze the scope of Disney-Fox [...]

Disney must sell Fox Sports in Brazil to merge with Fox

Economic Defense Administrative Council (CADE) decided to deny Disney the possibility of keeping Fox Sports in Brazil and ordered it to sell it. The entity believes that coexistence between Fox Sports and ESPN would create a monopoly in the country. With Fox Sports sale by Disney, any other media group would be able to acquire [...]

Disney would sell Fox Sports in Brazil and Mexico

Finance media Bloomberg reported that, according to people close to the discussion, Walt Disney Company would sell Fox Sports in Brazil and Mexico, but it did not give major details on the operation. Bloomberg reported that  Disney has already agreed Fox Sports sale in Brazil with the  Economic Defense Administrative Council (CADE), which had already [...]