News Disney and Fox come to terms -- announcement soon; huge IP acquisition

mab7689

Active Member
Dang, I would have to say that Latin America overall might be the final places to sign off on Disney/Fox, and they seem to be the biggest hurdles due to the cable sports issues. I also heard Mexico might have problems regarding cable sports in the context of Disney/Fox.

If you google 'Disney 21st Century Fox' and filter to within the last 24 hours, there's a number of websites (Spanish language) that explain the Brazil and Mexico responses.
 

brodie999

Active Member
If you google 'Disney 21st Century Fox' and filter to within the last 24 hours, there's a number of websites (Spanish language) that explain the Brazil and Mexico responses.
Really? Could you please show us the links to the responses, so we can see them in English?
 

mab7689

Active Member

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I have confidence that Disney/Fox will be able to deal with the cable sports issue, and Latin America is not going to deny the deal because of one issue regarding sports, as Disney said in the Reuters article they are working productivity with Brazil in regards to the sports issues, and I have a feeling they will be successful.
 

mikejs78

Well-Known Member
The one thing in those articles is the reference to 'concentration of children's programming'. How would they resolve that?
 

bartholomr4

Well-Known Member
I read an article in the Latin Economist, which suggested Disney has engaged prior members of the CADE to lobby for the merger. It appears from an earlier Reuters Article, that Disney has been given "recommended remedial measures" to resolve the issue. I suspect these measures relate to insuring access and pricing caps.

The delay appears to be gaining feedback from multiple cable operators and the transition of power which is occurring in both Brazil and Mexico. Brazil's new leader will likely become more accommodative, and Mexico less friendly to the merger. The timelines for both of these countries is not linked officially, and Brazil appears to be the more difficult of the two to resolve.
 

brodie999

Active Member
I read an article in the Latin Economist, which suggested Disney has engaged prior members of the CADE to lobby for the merger. It appears from an earlier Reuters Article, that Disney has been given "recommended remedial measures" to resolve the issue. I suspect these measures relate to insuring access and pricing caps.

The delay appears to be gaining feedback from multiple cable operators and the transition of power which is occurring in both Brazil and Mexico. Brazil's new leader will likely become more accommodative, and Mexico less friendly to the merger. The timelines for both of these countries is not linked officially, and Brazil appears to be the more difficult of the two to resolve.
Awesome!! Could you show us the article so we can see it? Oh, and please show the pages front to back this time. I sure hope Brazil and Mexico both approve the deal before the end of the year.
 

seascape

Well-Known Member
Things get very interesting with Genting. Even though they are suing Disney for 1.75 billion, it seems the need Disney. They just opened up a Void location in their Resorts World in Malaysia. It will have both Star Wars and Ralph Beeaks the internet attractions.
 

dvitali

Active Member
Do Fox have any publishing’s rights with other comic book company that become Disney after the mergers? After Dark Horse give back Star Wars to Marvel, there was a few more Fox property titles at Dark Horse that going to be renewed .
 

bartholomr4

Well-Known Member
Disney's Acquisition of Fox Nears the Finish Line
Danny Vena, The Motley Fool
Motley FoolDecember 9, 2018
On Dec. 14, 2017, media giant The Walt Disney Company (NYSE: DIS) announced its intention to acquire certain assets from Twenty-First Century Fox (NASDAQ: FOX)(NASDAQ: FOXA) in a deal valued at $52.4 billion. A bidding war ensued, sparked by interest from Disney rival Comcast (NASDAQ: CMCSA). Disney eventually emerged victorious, with a cash and stock bid of $71.3 billion.
Since then, there's been a lot going on behind the scenes, as Disney prepares to bring Fox into the fold. Let's look at some of the uncertainties Disney initially faced, and where we are in the process.

Regulatory approval wasn't a given
While Disney did a certain amount of groundwork to ensure that the deal would ultimately be approved, there were no guarantees. The U.S. Department of Justice (DOJ) challenged AT&T's proposed acquisition of Time Warner, though the merger was eventually approved by the courts. Even after that victory, the DOJ is appealing the verdict.
The approvals required to seal the Disney-Fox deal have gradually been rolling in. Disney recently got the go-ahead from regulatory authorities in China, which came without conditions. This was one of the largest and most important markets for which approval was still needed. It was a big win, considering the ongoing trade war between Beijing and Washington.
The House of Mouse received conditional approval from the European Union in early November, which only required the company to sell off some of its European cable channels. Disney promised to sell its interest in the History, H2, Crime & Investigation, Blaze, and Lifetime channels in Europe to address those concerns.
The company received approval earlier this year from U.S. regulators on the condition that it sell the 22 regional sports TV networks that it was gaining from Fox. The bidding is currently underway to decide their eventual owner. A host of big names are in the running for the channels, with e-commerce giant Amazon.com recently entering into the fray. Other first-round bidders include Apollo Global Management, KKR, The Blackstone Group, Sinclair Broadcast Group, and

One notable holdout so far is Brazil, which has yet to approve the merger. The country's antitrust regulator said earlier this month that it had concerns that the deal would result in "a significant increase in concentration in the market of sports channels on cable TV and a high probability that Disney could control the market." Disney responded to the report, saying it was "part of the agency's normal pre-merger process. ... We have been and are continuing to work productively with the agency to address any concerns."

A final word
While we don't have a concrete date as to when the deal will finally close, the window is shrinking. Disney CEO Bob Iger said on the company's recent earnings conference call, "Last June, we estimated it could take up to 12 months for the transaction to close, but we are increasingly optimistic, it will be meaningfully earlier than that." (Emphasis added by author.)
For its part, Fox is planning to be ready by the beginning of 2019. Peter Rice, president of 21st Century Fox, reportedly told employees in a town hall meeting that the company will be logistically ready to close on Jan. 1.
Seems like it's only a matter of time.
 

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