May 6, 2020 / 7:22 PM / 24 days ago

Brazilian antitrust watchdog approves Fox acquisition by Disney

FILE PHOTO: The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan borough of New York City, New York, U.S., June 15, 2018. REUTERS/Eduardo Munoz

SAO PAULO (Reuters) - Brazilian antitrust watchdog CADE on Wednesday approved Walt Disney Co’s (DIS.N) deal to acquire 21st Century Fox on Wednesday.

After Disney failed to secure a buyer for Fox Sports channels, CADE accepted the deal requesting Disney keep the same sports broadcasts for three years, keep Fox Sports channel active and commit to transmission of South American soccer championship Copa Libertadores.

If Disney is uninterested in keeping the channels, it should cede the brand to other interested groups, CADE decided. The Brazilian antitrust watchdog had requested the sale of Fox Sports channels on February 2019.

Reporting by Tatiana Bautzer; editing by Jonathan Oatis

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