December 5, 2019 / 6:32 PM / a month ago

Televisa wins injunction over Disney purchase of Fox assets in Mexico

MEXICO CITY, Dec 5 (Reuters) - Mexican broadcaster Grupo Televisa has won a federal injunction against Walt Disney Co’s acquisition of Twenty-First Century Fox Inc’s assets in Mexico, a Televisa representative said on Thursday, a move that could at least temporarily stall the deal.

Disney closed its $71 billion purchase of Fox’s film and television assets in March, marking one of the largest media deals in recent history after Disney won a bidding war last year against cable company Comcast Corp.

In Mexico, the Federal Telecommunications Institute (IFT) had approved the acquisition but imposed certain conditions, including the sale of Fox Sports channels, arguing the deal would create “considerable” accumulation of market power.

Disney and Fox did not immediately reply to requests for comment.

The court decision was first reported by Bloomberg. (Reporting by Julia Love in Mexico City Writing by Stefanie Eschenbacher Editing by Matthew Lewis)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below