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, ESPN’s Global Distribution former President Benjamin Pyne’s independent [...]
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 Agent’s designation, a six-month period is granted for the sale, extendible in an only opportunity for justified reasons. Once notified, Disney and Fox have [...]
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 Council’s (CADE) decision, which approved the merger between Fox and Disney but [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Economic Defense Administrative Council (CADE) established this Friday 15th, February as the deadline for Disney and Fox to present a final manifestation for its merger process trial, according to what Brazilian Diário Oficial da União reported. CADE already had pronouncements from Sky, Telefonica, Net, Claro and the rest of pay TV operators. Brazilian National [...]