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

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Darkprime

Well-Known Member
Sometimes I wish I could just forget about this deal. let a few months go by and log on one day and see its been completed. Being so invested as a marvel fan and following every step makes it seem like its taking forever.
 
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mab7689

Active Member
Mexico IFT update (automatically translated into English on Google Chrome mobile browser)
If I'm comprehending this right, it looks like they haven't set a date to meet on it yet but their decision won't be revealed publicly when they do.
 

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Darkprime

Well-Known Member
mab7689 said:
Mexico IFT update (automatically translated into English on Google Chrome mobile browser)
If I'm comprehending this right, it looks like they haven't set a date to meet on it yet but their decision won't be revealed publicly when they do.
Click to expand...

well that sucks. at least it seems slightly more positive than Brazil. Hopefully IFT approves with conditions. Maybe CADE is waiting to see what IFT does? Im sure both IFT and CADE are talking since both have "concerns" about sports channels.
 
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Darkprime

Well-Known Member
Some good news at least. Bloomberg seems to confirm that Brazil and Mexico are the final approval's needed.

There are still some loose ends, including approvals in Brazil and Mexico and the sale of 22 Fox regional sports networks required by the U.S. Justice Department. The company has 90 days after the close of the Fox deal to complete that.
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www.bloomberg.com

Disney CEO Flies to Brazil to Seal Fox Deal, Leaves Empty-Handed

Walt Disney Co. Chief Executive Officer Bob Iger journeyed to Brazil to push for a key piece of regulatory approval on the entertainment giant’s proposed $71 billion deal with 21st Century Fox Inc., but the talks ended without an agreement.
www.bloomberg.com www.bloomberg.com
 
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AnotherDayAnotherDollar

Well-Known Member
Lafayettecalboy said:
It seems weird that Disney would be willing to divest in America the Fox RSNs, but in Brazil and Mexico they want to keep the Fox Sports channels.
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It's not a coincidence they were willing to divest the RSNs so quickly after Roberts and friends made a serious offer. I feel very confident Disney would have fought tooth and nail for the RSNs if Comcast never came in the picture with a very serious bid.
 
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Darkprime

Well-Known Member
So I did a little research and from what I can tell it looks like CADE never intended to approve the deal at Tuesdays meeting as the meeting was a clarification on an information request. As confirmed by CADE in a press release on Monday which I posted at the top of this page. It looks like Disney got one of those letters of a clarification information request. Iger was there to clarify his stance on Fox Sports Brazil and his reasoning for acquiring it his presence was probably requested by CADE. Sad to see Bloomberg sink so low into clickbait. He probably did a little wine and dining with the regulators who were holding up the approval process.
 
bartholomr4

bartholomr4

Well-Known Member
Darkprime said:
So I did a little research and from what I can tell it looks like CADE never intended to approve the deal at Tuesdays meeting as the meeting was a clarification on an information request. As confirmed by CADE in a press release on Monday which I posted at the top of this page. It looks like Disney got one of those letters of a clarification information request. Iger was there to clarify his stance on Fox Sports Brazil and his reasoning for acquiring it his presence was probably requested by CADE. Sad to see Bloomberg sink so low into clickbait. He probably did a little wine and dining with the regulators who were holding up the approval process.
Click to expand...

I totally agree..... Just think about it.... the official government anti-trust regulator can’t decide if a deal is good or bad, the CEO of the combined company shows up, they have a meeting, and then miraculously the deal is automatically approved, everyone stands in front of the ABC news cameras and say’s “ We were so confused, but now that Bob has explained it to us, now we see the light, and we approve the merger”?????? Never was going to happen. He may have clarified things, and provided some reassurance, and answered real time “what-if” questions, but he was never going to walk away with the approval..... even if he did get approval assurance, they wouldn’t annouce it until they meet, on the 27th.

I also think Iger going there and meeting with them face to face is a high risk strategy. If anything it makes it harder for the CADE to approve the thing. It would look as though they were bending to his pressure..... He must be willing to give them what they want (spin off or sale of the Fox Sports rights), and he wants to get on with the start of the new company.

From the CADE perspective, what are their options? Make him sell Fox Sports Brazil to someone else? Close it down? Some other entity is going to purchase it, and want to make money, and probably charge the good people of Brazil a pay-per-view price to watch the channel (Same in Mexico). If they really want everyone to see these games, then Bob can give them assurance (like he did with Sky) that he will make no changes to the current broadcast situation (over the air, everyone gets it for free, and has to watch too many commercials) for say 10 years.....

This is about the CADE saving face (in my opinion)..... we will see, but don’t be surprised if we aren’t still speculating about this in May!
 
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Darkprime

Well-Known Member
Interestingly. Disneys new deadline for the exchange of offers and consent solicitations is now Feb 26th the day before CADE is next set to meet.... Fingers crossed this means we should get some good news on the 27th. And yea I agree with you it would look suspicious if they approved it the day after they met with Iger.
 
brodie999

brodie999

Active Member
Darkprime said:
Interestingly. Disneys new deadline for the exchange of offers and consent solicitations is now Feb 26th the day before CADE is next set to meet.... Fingers crossed this means we should get some good news on the 27th. And yea I agree with you it would look suspicious if they approved it the day after they met with Iger.
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I agree. I hope they wait until Mexico's IFT approves the deal beforehand because they wanna know the deal proves it doesn't harm competition. The deal is in its final steps to being completed in the next few weeks. Hopefully, Brazil will set it sooner than the 26th or 27th because Bob Iger is very persuasive in making deals.
 
JoeCamel

JoeCamel

Well-Known Member
bartholomr4 said:
I totally agree..... Just think about it.... the official government anti-trust regulator can’t decide if a deal is good or bad, the CEO of the combined company shows up, they have a meeting, and then miraculously the deal is automatically approved, everyone stands in front of the ABC news cameras and say’s “ We were so confused, but now that Bob has explained it to us, now we see the light, and we approve the merger”?????? Never was going to happen. He may have clarified things, and provided some reassurance, and answered real time “what-if” questions, but he was never going to walk away with the approval..... even if he did get approval assurance, they wouldn’t annouce it until they meet, on the 27th.

I also think Iger going there and meeting with them face to face is a high risk strategy. If anything it makes it harder for the CADE to approve the thing. It would look as though they were bending to his pressure..... He must be willing to give them what they want (spin off or sale of the Fox Sports rights), and he wants to get on with the start of the new company.

From the CADE perspective, what are their options? Make him sell Fox Sports Brazil to someone else? Close it down? Some other entity is going to purchase it, and want to make money, and probably charge the good people of Brazil a pay-per-view price to watch the channel (Same in Mexico). If they really want everyone to see these games, then Bob can give them assurance (like he did with Sky) that he will make no changes to the current broadcast situation (over the air, everyone gets it for free, and has to watch too many commercials) for say 10 years.....

This is about the CADE saving face (in my opinion)..... we will see, but don’t be surprised if we aren’t still speculating about this in May!
Click to expand...
I wonder if a suitcase full of cash was involved?
 
bartholomr4

bartholomr4

Well-Known Member
News - Bloomberglaw.com
Brazil Antitrust Regulator Could Ask Extra Meeting to Disney-Fox
Posted Feb. 14, 2019, 10:54 AM

Brazil antitrust regulator member responsible for the merger case between The Walt Disney Co. and 21st-Century Fox, Polyanna Vilanova, said that there is still no decision regarding a possible date for the case to go to trial. The Legal deadline for the case to go to ruling is March 17, but from now to then there is only one Cade session scheduled, on February 27, said Vilanova in an interview. Vilanova said that she could ask for an extraordinary meeting of the Cade if the requested responses from competitive firms are not ready by the pre-meeting deadline.
 
brodie999

brodie999

Active Member
bartholomr4 said:
News - Bloomberglaw.com
Brazil Antitrust Regulator Could Ask Extra Meeting to Disney-Fox
Posted Feb. 14, 2019, 10:54 AM

Brazil antitrust regulator member responsible for the merger case between The Walt Disney Co. and 21st-Century Fox, Polyanna Vilanova, said that there is still no decision regarding a possible date for the case to go to trial. The Legal deadline for the case to go to ruling is March 17, but from now to then there is only one Cade session scheduled, on February 27, said Vilanova in an interview. Vilanova said that she could ask for an extraordinary meeting of the Cade if the requested responses from competitive firms are not ready by the pre-meeting deadline.
Click to expand...
You got a link? Because I'd be surprised if Brazil approved the deal in that extra meeting. I hope it's before the 27th.
 

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