•   
  •   
  •   

SportDisney agrees to sell Fox Sports in Brazil to win antitrust nod

20:51  27 february  2019
20:51  27 february  2019 Source:   reuters.com

Dave Smith, Founder of Walt Disney Archives, Dies at 78

Dave Smith, Founder of Walt Disney Archives, Dies at 78 During his time at Disney, Smith penned seven books about the studio and wrote columns in fan magazines and websites.

CADE said in a statement that Disney agreed to give the buyer of the sports channel the option to use the Fox brand at no additional cost, noting that According to the agreement signed between Disney and CADE, the divestiture will include all Fox Sports transmission rights in Brazil as well as contracts

SAO PAULO (Reuters) - Walt Disney Co accepted a demand by Brazil ’s antitrust regulator CADE that it sell local rights for the Fox Sports channel to CADE said in a statement that Disney agreed to give the buyer of the sports channel the option to use the Fox brand at no additional cost, noting that

Disney agrees to sell Fox Sports in Brazil to win antitrust nod © Reuters/BRENDAN MCDERMID Traders work at the post where Walt Disney Co. stock is traded on the floor of the NYSE in New York SAO PAULO (Reuters) - Walt Disney Co accepted a demand by Brazil's antitrust regulator CADE that it sell local rights for the Fox Sports channel to win approval of its takeover of Twenty-First Century Fox Inc, the regulator said on Wednesday.

CADE said in a statement that Disney agreed to give the buyer of the sports channel the option to use the Fox brand at no additional cost, noting that the timeframe for the deal is confidential.

According to the agreement signed between Disney and CADE, the divestiture will include all Fox Sports transmission rights in Brazil as well as contracts with cable TV operators, real estate and transmission equipment.

Key employees would also have to be transferred, CADE added.

The Brazilian regulator also said it had discussed antitrust consequences of the deal with regulators in Mexico and Chile.

(Reporting by Tatiana Bautzer; editing by Dan Grebler and G Crosse)

Read More

Disney's 'Aladdin' Trailer Showcases a Lot More Genie.
Will Smith stars in the remake, which opens May 24.

—   Share news in the SOC. Networks
usr: 3
This is interesting!