Tag Archives: sale

Univision contemplates options for a possible sale

Univision Communications indicated today that its board of directors is analyzing strategic options against rumors that indicated a possible sale. The origin of the versions corresponds to an article in The Wall Street Journal, which noted that the company hired Morgan Stanley, Moelis & Company and investment bank LionTree to explore options. Univision warned that [...]

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 [...]

AT&T sells its Hulu’s 10% part

Hulu announced it acquired the WarnerMedias (AT&T) 10% stake in the streaming platform. The transaction was valued in USD 1,430 million. With the acquisition, Hulu becomes the owner of Disney (which concentrates a 60% after formalizing the merger with Fox) and Comcast / NBCUniversal (30%). The sale of AT&T shares made Hulu to be valued [...]

Popcornflix’s owners buy Crackle

Sony Pictures Television announced the sale of its majority Crackles stake to the US company Chicken Soup for the Soul Entertainment (CSSE). The companies relaunched the OTT as Crackle Plus, AVOD streaming platform, which will include in its offer all Crackle and Sonys content, and 6 CSSEs AVOD services: Popcornflix; Truli; Popcornflix Kids; Popcornflix Comedy; [...]

Disney and Fox present arguments to the FNE for not selling Fox Sports Chile

Chilean National Economic Prosecutor’s Office (FNE) could decide in the coming days on the sale of Fox Sports in the country. On August 31st, 2018, Disney -represented by lawyer Claudio Lizana, and Fox by lawyer Ignacio Larraín-, provided information to the entity, suggesting that the operation does not represent risks to make free market competition [...]

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 [...]

Telefonica advances with Central American operations sale

Telefónica is holding negotiations to sell its businesses in Central America. The company’s subsidiaries in Costa Rica, Nicaragua, Panama and Mexico are added to those of Guatemala and El Salvador, for which it had already begun conversations. According to the company’s official report, it is “in a negotiation process for its Central American assets sale, [...]