BUSINESS
Cade accepts telecoms firms interested in Fox-Disney deal
Companies will have 15 days to express their views on the operation, including: Simba, joint venture of TV SBT Channel 4, Sky Serviços and Neo TV
São Paulo - The Administrative Council for Economic Defense (Cade) has accepted requests from telecommunications companies operating in Brazil to participate as interested third parties in the analysis of the acquisition of control of Twenty-First Century Fox by Walt Disney, according to published dispatch on Monday in the Official Gazette (DOU).
Disney in July bought Fox's $ 71 billion film and television assets. Disney's cash and stock offer has already been approved by US regulators. Disney, owner of the ESPN sports network, has vowed to dispose of 22 of Fox's regional sports networks in the United States.
Cade gave a period of 15 days for companies to express their views on the transaction.
The companies that have been authorized to express their views on the operation within 15 days are: Simba, a joint venture between TV SBT Channel 4, Radio and Television Recorde and TV Omega; the Warner Media; to Sky Broadband Services; and the Neo TV association, which brings together about 130 companies among pay-TV operators, internet service providers and content distributors for paid channels.
"The arguments presented by all the petitioners, to a greater or lesser extent, point to possible negative effects that may arise from the operation under review and how their interests may be affected," Cade said in justifying the decision.