Tag Archives: merger

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. [...]

Disney hires Pyne Media to sell Fox Sports in Brazil

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, ESPNs Global Distribution former President Benjamin Pynes independent [...]

Disney establishes its new structure in Latin America

The Walt Disney Company announced its new business structure in Latin America after it merged with 21st Century Fox, which will include a total of 12 leaders throughout the region. The operation will be led by Diego Lerner. The groups channels affiliated and advertising sales (including family channels, for children, sports and entertainment), these topics [...]

Disney to buy Fox officially

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 [...]

Disney and Fox present arguments to the FNE for not selling Fox Sports Chile

Chilean National Economic Prosecutor’s Office (FNE) could decide in the coming days on the sale of Fox Sports in the country. On August 31st, 2018, Disney -represented by lawyer Claudio Lizana, and Fox by lawyer Ignacio Larraín-, provided information to the entity, suggesting that the operation does not represent risks to make free market competition [...]

IFT approves Disney-Fox merger in Mexico with its sports channels sale

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 [...]

La Tercera reports Fox Sports Chile possible sale

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 [...]

IFT to decide on Disney-Fox merger next Monday

Telecommunications Federal Institute postponed for Monday, March 11th the discussion on Disney-Fox merger, valued at USD 713 billion, after both companies have sent a series of measures that they had committed to follow to eliminate competition risks and, that way, get the Mexican regulators approval on the operation. IFT had initially agreed to deal  with [...]