Deals
Disney to Accept Divesting of Fox Sports in Brazil and Mexico
- Regulators demand sale of sports channels to approve deal
- Countries are among final hurdles to $71 billion transaction
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Walt Disney Co., on the brink of sealing its $71 billion takeover of 21st Century Fox Inc. entertainment assets, will agree to sell the Fox Sports channels in Brazil and Mexico to win regulatory approval there, according to people close to the discussions.
The companies earlier this week accepted the divestment recommendation of Brazil’s antitrust regulator, and at a meeting next week they’ll present an agreement to pursue the sale, said two of the people, who asked not to be identified because the discussions aren’t public. Competitors have already shown interest in the assets, said a third person.