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

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.

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