A speedy process in Brazil means that Disney (
DIS +1.7%) could get approval there for its $71B deal with Fox (
FOX +1.1%,
FOXA +1.3%) within two weeks, MLex Market Insight says.
The Tribunal there has its last session of the year scheduled for Dec. 5, and doesn't reconvene again until Jan. 30.
But a recommendation there with a satisfactory consent decree already drafted could result in a decision to proceed, MLex says.
Even a successful decision could be appealed by third parties. And regulator CADE has until March 18 to issue an initial decision on the deal.
Source: Bloomberg