It’s been a long road for Disney acquiring 21st Century Fox properties with a Disney-Fox Deal. However, the long road could be coming to an end after a 5-to-1 vote with Brazil’s antitrust regulatory agency Cade giving the Disney-Fox Deal the go-ahead with a few stipulations.
Brazil has concerns, as well as others, that Disney will have too much power over sports programming in the country with the control of both ESPN and Fox Sports. In return for the Disney-Fox deal, Disney has agreed to sell its Fox Sports channel in Brazil but retain the ESPN programming. In addition, Disney has agreed to offer free use of the Fox brand to the company that purchases those channels, plus they won’t attempt to reacquire the sports leagues that already have deals with Fox sports.
Also included in the Disney-Fox deal, Disney has made a deal with the United States Department of Justice that Disney will sell its 22 regional Fox Sports channels within 90-days of the deal’s finalization.
For Disney, Mexico may be the last approval needed before claiming the deal finalized. Luckily for Disney, Brazil has conferred with Mexico about the solution with the Disney-Fox Deal Sports issues. According to a statement from regulators, “In Latin America, the close dialogue between agencies in Brazil, Mexico and Chile resulted in a coordinated solution to the case.”
Critics have speculated an official conclusion could occur as early as next week.
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