Brazilian antitrust regulator demands sale of Fox sports channel to approve Disney-Fox deal

Updated: Wed, Feb 27, 2019
10:14 pm
Reuters
RELATED NEWS
India will be one of fastest-growing economies next year: Nirmala Sitharaman India will be one of fastest-growing economies next year: Nirmala Sitharaman

Walt Disney Co. accepted a demand by Brazil`s antitrust regulator that it sell the local operator of the Fox Sports channel to win approval of its takeover of Twenty-First Century Fox, regulator CADE said on Wednesday.

CADE said in a statement that Disney agreed to allow the acquirer of the channel to use the Fox brand at no cost, and added that the time frame for the divestiture is confidential.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.