HomeNewsMexico

Disney agrees to Fox Sports divestiture in Brazil, Mexico – report

Walt Disney Company has agreed to sell its Fox Sports channels in Brazil and Mexico as part of the process to complete the $71.3bn (€62.9bn) takeover of 21st Century Fox’s entertainment assets, according to Bloomberg.

The news agency, citing people close to the discussions, said Disney has accepted the divestment recommendation of Brazil’s antitrust regulator, and will present an agreement to pursue the sale at a meeting next week.

Regulatory approval in the two countries is one of the last major challenges facing the deal. Bloomberg said Disney expects Mexico’s telco regulator to require the sale of Fox Sports and is willing to agree to it. However, it added that final details surrounding the two agreements are still subject to change.

It remains unclear whether regulators will simply demand the sale of the channels, or also the sports rights they hold.

Most recent

Amazon secured Women’s Tennis Association (WTA) Tour rights in the UK for the 2020-23 cycle with a bid nearly 60 per cent higher than incumbent pay-television broadcaster BT Sport's current fee, SportBusiness Media understands, as the tech and ecommerce giant moves to establish a dominant position in UK tennis broadcasting.

The Italian competition authority’s investigation into the sale of rights for Serie A is ostensibly a disaster for MP & Silva and B4 and a let-off for IMG. But MP & Silva and B4 are no longer active and IMG could yet face a major problem. The agency could be hit with a substantial damages claim by the league for lost earnings.

Pay-television broadcaster All Media Baltics used its pan-regional competitive advantage to retain  English Premier League’s rights in the Baltics without a hefty increase in cost.

DAZN picks up Copa América at bargain price as rivals focus elsewhere DAZN, Sky, Mediaset bid for International Champions Cup Rai to share Women’s World Cup with Sky, show Uefa U21s exclusively Pr