Deals
Disney-Fox Deal Stalled in Mexico by Televisa Injunction
- Telecom regulator gave conditional approval in March
- Court order to have little impact on Disney beyond Mexico
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A judge in Mexico granted Grupo Televisa SAB an injunction that will delay the closing of Walt Disney Co.’s $71 billion purchase of 21st Century Fox Inc.’s entertainment assets in the country, according to a person familiar with the matter.
Broadcaster Televisa argued the telecom regulator overseeing the deal in Mexico unfairly dismissed the company’s arguments regarding threats to competition from the deal, the person said, asking not to be identified as the matter is confidential.