Brazil's antitrust agency Cade ruled on Nov. 13 that it will revise Disney's acquisition of Fox
Brazil's antitrust agency Cade ruled on Nov. 13 that it will revise Disney's acquisition of Fox, which had been approved last February on the condition that the new company would sell Fox Sports network.
The asset sale was meant to avoid market concentration and maintain the same competitive balance prior to the purchase, with three choices of sports channels for Brazilian viewers: Globosat's SporTV, ESPN and a new company with Fox Sports assets. that the date set for the network sale in the antitrust operations deal agreed between the companies and the agency wasn't met and the sale hasn't occurred, which has prompted the decision to review the operation.
The assets meant to be divested included all rights to air sports events owned by Fox Sports, all contracts with pay TV operators, key employees, real estate and transmission equipment. According to Cade director Alexandre Barreto, the reassessment is the best way to address the concerns around any aspects related to market concentration.
"The decision is equanimous and proportional, precisely because it offers the chance to manifest on other viable options," said Barreto.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fox News judge says Trump quid pro quo 'clearly impeachable' because 'President requested something that's criminal'Judge Andrew Napolitano, the senior judicial analyst for Fox News, has declared that President Trump's quid pro quo deal with the Ukraine is impeachable on 'Your World With Cavuto' this Tuesday.
Read more »
Sean Hannity and Fox News introduce new whistleblower to discredit Ukraine whistleblower over GoFundMe campaignFox News promotes new 'whistleblower' complaint in an attempt to discredit the unnamed intelligence community whistleblower.
Read more »
Brazil greets Jeanine Anez as interim president of BoliviaBrazil's government said on Wednesday it had congratulated Senator Jeanine ...
Read more »
The impeachment show on MSNBC and Fox News: Preparing to prosecute, or defend, TrumpThe impeachment inquiry into President Trump has widened a massive divide, nowhere more evident than on cable TV.
Read more »
Turkey’s Kanal D Orders Local Adaptation Of Fox Medical Drama ‘House’Dr Gregory House is making a local visit to Turkey after broadcaster Kanal D ordered an adaptation of the Fox medical drama. Kanal D has commissioned a Turkish version from Red Arrow-backed Karga S…
Read more »