Disney will, without a doubt, want to keep ALL sports channels. Iger reiterated and gushed over all important live sports are in the most recent quarterly call (where he announced that ESPN+ reached 2MM subscribers). If they can have behavioral remedies, they will. It's better for them long term to keep it.StreetInsider, citing Bloomberg (paywall): Disney meeting on Fox merger said to end "inconclusive."
(Bloomberg) - A crucial meeting on Tuesday between Brazil's regulators and Walt Disney Co. executive director Robert Iger over a proposed US $ 71 billion deal with 21st Century Fox Inc. ended without any agreement, representing a potential obstacle for the entertainment giant.
Brazil's antitrust regulator, known as Cade, has not yet decided a date for a decision on the agreement, according to two people close to the discussions. The legal deadline for a decision is March 17 and, if the case is not discussed at the February 27 meeting of Cade, an extension should be requested, said the people, who requested anonymity because the discussions are not public .
Brazilian regulators are still divided over whether the agreement can be approved without the need for Disney to sell one of the two sports channels in the country, Fox Sports or ESPN, the people said. In December, Cade published a report that said the agreement could pose a danger to the competition. Some Cade board members still see behavioral remedies as a viable option to obtain approval.
Iger and his lawyers declined to comment after the meeting.
Original Note: Disney's Brazil Meeting Is Said to End Without Fox Deal Accord
Reporter in the original note: Mario Sergio Lima in Brasilia Newsroom
A few months delay won't make a difference as long as it closes by December 2019, otherwise the deal is called off as per the SEC filing IIRC.
Every country where the two companies have businesses in. And it makes sense. The HQs are in the US so Disney could give in or get out of the market altogether, but they are not going to do that, of course.It just strikes me as off that every single country can veto a merger...