Tag Archives: merger

IFT grants Disney a six month extension period to sell Fox Sports unit in Mexico

The Telecommunications Federal Institute (IFT), which regulates the telecommunications market in Mexico, gave a six month extension for The Walt Disney Company and Twenty-First Century Fox to sell Foxs sports business in the country.  The first six-month period granted for divestiture was from May 1st to November 1st, 2019. With the extension, the new period [...]

Viacom-CBS merger now expected to close in early December

After a long negotiation process and having announced a merger agreement last August, CBS and Viacom now plan to merge as soon as early December. The two companies, which will be known as BiacomCBS Inc. once the deal is complete, said the pact had secured the approval of National Amusements Inc., that holds the majority [...]

Sutel approves Millicom-Telefonica merger in Costa Rica

The Costa Rican Telecommunications Superintendence (Sutel), responsible for regulating the telecommunications market in Costa Rica, approved the merger request presented by Millicom Cable Costa Rica S.A. and Telefonica de Costa Rica S.A. in an official statement.  The operation was approved by Sutel because, according to the regulator, there is no evidence of potential anti-competitive effects [...]

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 [...]

CBS and Viacom to combine and create ViacomCBS Inc

Viacom and CBS today announced they have entered into a definitive agreement to combine in an all-stock merger, creating a combined company with more than USD 28 billion in revenue. The new company will be led by Bob Bakish as President and CEO. The transaction is subject to regulatory approvals and other customary closing conditions. [...]

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 [...]

Disney establishes its new structure in Latin America

The Walt Disney Company announced its new business structure in Latin America after it merged with 21st Century Fox, which will include a total of 12 leaders throughout the region. The operation will be led by Diego Lerner. The groups channels affiliated and advertising sales (including family channels, for children, sports and entertainment), these topics [...]

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 [...]