IFT Forces Disney to Sell FOX Sports in Mexico

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by @todotvnews the 12/03/2019
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As it was to be expected, on Tuesday the Federal Telecommunications Institute approved the purchase of FOX by Disney in Mexico, but on one condition: the sale of FOX Sports.

Same as it happened in the US and Brazil, on Tuesday the Mexican regulatory authorities approved  the 71 billion dollar purchase of FOX by Disney with a single condition: the sale of FOX Sports.
 
The news was revealed by El Financiero, citing two people close to the situation. According to the report, in addition to the sale of the FOX Sports networks, Disney would have to sell the sports rights already acquired by FOX.
 
It’s almost the exact same resolution as the one made in Brazil by the Administrative Council of Economic Defense (CADE) of Brazil and the one taken in the US by the Department of Justice.
 
With the Mexican decision, the billion-dollar operation is finally on its way to be fulfilled.
 
In the US, in fact, local media is reporting that Disney has already set March 20th as the date for finalizing the acquisition.
 
The sale of the FOX Sports networks in Mexico and Brazil is explained by the ESPN networks’ presence on Disney’s portfolio.
 
The regulatory authorities of both countries decided that with both properties, Disney would have too much power in the sports segment.
 
It remains now to see who will keep the FOX Sports networks in the region, a sale that is also presumed millionaire taking into account the attractive sports properties that FOX Sports has, such as the Copa Libertadores de América, whose rights it bought until 2022.
 
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