It makes you think how lucky we were the merger closed at all. I remember analysts saying the merger should have closed at the end of 2018. But Mexico and Brazil were the holdouts. And this is exactly why Bob Iger extended his contract through 2021 in 2017 because you cant predict what happens following a huge corporate merger like this. These sort of problems arent uncommon. Just look at all the trouble AT&T went through with the DOJ post-Time Warner deal. I wouldn't worry too much about this unless the DOJ do get involved. Which they shouldn't since Disney already met their requirements for approval.
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The Integration of Fox into the Disney Corporate Family: Parks, Movies, IPs, Studios
- Thread starter MisterPenguin
- Start date
Twilight_Roxas
Well-Known Member
The reason for AT&T’s trouble is because of the president.
Hmmm makes you think... Could this just be Televisa spreading false info in attempt to get Disney to bend the knee and speed up the sale of Fox Sports Mexico? something doesn't add up here. Maybe Televisa themselves want Fox Sports Mexico?
Twilight_Roxas
Well-Known Member
They did spread fake news before with saying that a little girl was trapped in a school building after a earthquake, and they receive backlash by viewers for wasting the firefighters, and rescuers time to saving a person that didn’t exist. Azteca tv made fun of Televisa’s fake news by airing The Simpsons episode Radio Bart which was praised by viewers, and critics.
Twilight_Roxas
Well-Known Member
Televisa is kinda like the CNN/Fox News of Mexico.
bartholomr4
Well-Known Member
Mexico Regulator Says Disney-Fox Deal Not Stalled by Injunction
Dale Quinn
,Bloomberg•December 5, 2019
(Bloomberg) -- An injunction granted to Televisa by a Mexican court will not delay the approval of Walt Disney Co.’s purchase of 21st Century Fox Inc.’s entertainment assets, according to a statement from Mexico’s telecom regulator.
The injunction doesn’t deal with the approval of the acquisition, but rather with the finding of an investigating authority that rejected Televisa’s argument that the merger represented an illegal concentration in the industry, according to a statement from the telecom regulator known as IFT.
Televisa argued the regulator, which oversaw the deal in Mexico, unfairly dismissed its arguments about threats to competition from the deal, a person familiar with the matter said.
According to the statement from the telecom regulator, the judge’s decision is not final, deals only with the regulator’s investigating authority and doesn’t have an impact on the approved acquisition.
The IFT said in March it approved Disney’s purchase of the Fox assets on the condition that the companies agree to sell Fox Sports channels and programming rights in Mexico. The regulator gave Disney a six-month extension to sell those assets in November.
Dale Quinn
,Bloomberg•December 5, 2019
(Bloomberg) -- An injunction granted to Televisa by a Mexican court will not delay the approval of Walt Disney Co.’s purchase of 21st Century Fox Inc.’s entertainment assets, according to a statement from Mexico’s telecom regulator.
The injunction doesn’t deal with the approval of the acquisition, but rather with the finding of an investigating authority that rejected Televisa’s argument that the merger represented an illegal concentration in the industry, according to a statement from the telecom regulator known as IFT.
Televisa argued the regulator, which oversaw the deal in Mexico, unfairly dismissed its arguments about threats to competition from the deal, a person familiar with the matter said.
According to the statement from the telecom regulator, the judge’s decision is not final, deals only with the regulator’s investigating authority and doesn’t have an impact on the approved acquisition.
The IFT said in March it approved Disney’s purchase of the Fox assets on the condition that the companies agree to sell Fox Sports channels and programming rights in Mexico. The regulator gave Disney a six-month extension to sell those assets in November.
Twilight_Roxas
Well-Known Member
Disney could sell Fox Sports to TV Azteca.
Probably the likely scenario tbh. Its just matter of if the two can agree on a price and how much a loss Disney is willing to take to get the sale done.
Slpy3270
Well-Known Member
Unless selling those assets are out of their jurisdiction, if the injunction is to be believed.
Twilight_Roxas
Well-Known Member
Because Televisa mostly abuse their media powers like the fake news of Frida Sofia while TV Azteca is a rival to Televisa that if Disney sells Fox Sports to TV Azteca it would be like Televisa shot them selves in the foot.
bartholomr4
Well-Known Member
In the US, Disney's divestiture of these types of assets, enable them to hold out for a "reasonable commercial value". No clue if there are similar laws in Mexico, but to your point this offer is not "reasonably commercial". Because selling the assets to Televisa, creates the same condition in reverse (Televisa would then have the dominant position), another buyer has to surface, and pay a reasonable amount for the Fox Assets. TV Azteca might be that company, but so far, no deal, and Disney was able to easily get a 6 month extension from Mexico. It feels like dragging their feet is the best option for Disney, and maybe this all goes away (they no longer have to divest).
According to Yahoo Finance, TV Azteca is not profitable. A quick look at their balance sheet shows a degrading position. Shareholder equity has dropped from 8.5 Billion at the end of 2015, to 3.5 Billion at the end of 2018. Year to date 2019 hasn't been any better. The company is deeply in debt. So, financing and taking on the Fox Assets may be a challenge, which TV Azteca may not be able to do on its own.
Something to think about.... Sinclair probably took a look, when they were looking at the RSN's. Would Comcast be interested? Where does the buyer come from?
Twilight_Roxas
Well-Known Member
What about Imagen Televion?
If I were Iger, I'd float the idea of spinning off the Mexican assets as a not-for-profit trust "for the public good." The trust would buy the assets from Disney, paying them over time for its fair market value.
Then let all the competitors consider the existence of competition that isn't driven by making massive profits as a disruptor of their market.
That'll bring everyone to the table.
I wonder why Sinclair passed? Youd think they would want the whole package maybe they didn't see a clear path to approval in Brazil/Mexico given the trouble Disney themselves have had? Also why cant Disney just let Fox Sports Brazil/Mexico run independently until a potential buyer emerges?
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Crossfire
Active Member
Fox is already operating under Disney in those countries, this only about the Fox Sports part of the deal. Altough Disney controls Fox Sports in those countries, they are making no investments in it, 'cause they know they might have to get rid of it.
Disney corta dinheiro do Fox Sports Brasil e quer vender canal ainda em 2019, diz site
A Disney contratou uma empresa para negociar a venda do Fox Sports Brasil. A ideia é realizar o negócio ainda em 2019. Até a verba para o canal foi cortada.
www.torcedores.com