Tag Archives: sale

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 to sell Fox Sports in Mexico until December 4th

Mexican Federal Telecommunications Institute (IFT) officially reported last Monday that it had granted a new deadline for the sale of Fox Sports México, 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 [...]

Quibi explores a possible sale a few months after its launch

As officially reported by The Wall Street Journal this last Monday, September 21st, according to sources close to Quibi, three possible stages for the new platform, recently launched, are being evaluated. The main reason focuses on the poor results that it has been recording since its launch, to which Jeffrey Katzenberg, Co-founder, attributed the Coronavirus [...]

Telefonica sells its Panamanian operations to Cable Onda

Once the relevant regulatory approvals have been obtained, Telefonica Centroamerica Inversiones S.L. announced it has sold the entire Telefonica Moviles Panama S.A. shares capital to Cable Onda S.A., Millicom International Cellulars subsidiary, for USD 594 million.  According to what the company officially reported, after closing this operation, Telefonica has completed the sale of three of [...]

Univision contemplates options for a possible sale

Univision Communications indicated today that its board of directors is analyzing strategic options against rumors that indicated a possible sale. The origin of the versions corresponds to an article in The Wall Street Journal, which noted that the company hired Morgan Stanley, Moelis & Company and investment bank LionTree to explore options. Univision warned that [...]

Fox Sports Mexico begins its sales process

The Telecommunications Federal Institute (IFT) Plenary approved the candidates proposed by Fox and Disney as Independent Auditor and Disincorporation Agent and, that way, allow Mexican Fox Sports channels sale. With the Agents designation, a six-month period is granted for the sale, extendible in an only opportunity for justified reasons. Once notified, Disney and Fox have [...]

AT&T sells its Hulu’s 10% part

Hulu announced it acquired the WarnerMedias (AT&T) 10% stake in the streaming platform. The transaction was valued in USD 1,430 million. With the acquisition, Hulu becomes the owner of Disney (which concentrates a 60% after formalizing the merger with Fox) and Comcast / NBCUniversal (30%). The sale of AT&T shares made Hulu to be valued [...]

Popcornflix’s owners buy Crackle

Sony Pictures Television announced the sale of its majority Crackles stake to the US company Chicken Soup for the Soul Entertainment (CSSE). The companies relaunched the OTT as Crackle Plus, AVOD streaming platform, which will include in its offer all Crackle and Sonys content, and 6 CSSEs AVOD services: Popcornflix; Truli; Popcornflix Kids; Popcornflix Comedy; [...]

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 [...]