Tag Archives: merger

IFT grants new deadline to sell Fox Sports in Mexico until December 4th

Mexican Federal Telecommunications Institute (IFT) has officially reported that it has granted a new deadline for the sale of Fox Sports Mexico, one of the requirements that the regulator had established to approve the Disney-Fox merger, officially concluded in March 2019.  Initially, the IFT had given Disney a six-months period to find a buyer for [...]

IFT grants new deadline for Disney to sell Fox Sports in Mexico

Mexican Telecommunications Federal Institute (IFT) officially reported this Wednesday, August 4th, that it has granted a new deadline for Disney to sell Fox Sports operations in the country, according to what the Mexican regulator established to approve the merger between The Walt Disney Company and 21st Century Fox, which took place in March 2019. The [...]

Fox Sports directs its sale in Mexico

As reported by the Mexican website Mediotiempo, Fox Sports would already have a buyer in Mexico. The channels sale  in the country is one of the requirements imposed on The Walt Disney Company by the Telecommunications Federal Institute (IFT) to approve Disney-Fox merger, which took place in March last year.  According to information given by [...]

Brazil approves Disney-Fox merger

The Brazilian Economic Defense Administrative Council (CADE) approved the acquisition of Twenty-First Century Fox by The Walt Disney Company. The transaction was made by running a Concentration Control Agreement (ACC). The approval was granted without the requirement to sell Fox Sports in the country. In late 2019, taking into account that there were no buyer [...]

IFT cancels Fox Sports sale in Mexico for three months

The Federal Telecommunications Institute (IFT) granted The Walt Disney Company and Twenty-First Century Fox a three-month suspension of the divestment period to sell Fox Sports in Mexico. The selling order is one of the requirements imposed on March 11th, 2019 to authorize the Disney-Fox merger. The period granted for the process expires on May 1st [...]

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 [...]

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. [...]