The Rebooted "Keep Hope Alive" (that the rights can revert back to Marvel) Thread - - - - - - - - - - - - - - - Part 24

[Darkprime]

so if Mexico approves that only Brazil and Chile left is it? UK, Australia, Japan must have approved in total silence.

 

[Zyraquis]

Where did you hear about Chile? also any other places or thats it?

FNE started reviewing it since November http://www.fne.gob.cl/wp-content/uploads/2018/11/inic_F155_2018.pdf

Still haven’t heard anything. It’s awfully silent.

The remaining approvals are Brazil Mexico and Chile that I’m aware of. I work for a company that does deal analysis I have access to a lot of deal docs and intels just that the Disney deal isn’t my responsibility so haven’t been paying attention, now I read just out of curiousity.

 

[PsylockeBlackWidow]

FNE started reviewing it since November http://www.fne.gob.cl/wp-content/uploads/2018/11/inic_F155_2018.pdf

Still haven’t heard anything. It’s awfully silent.

The remaining approvals are Brazil Mexico and Chile that I’m aware of. I work for a company that does deal analysis I have access to a lot of deal docs and intels just that the Disney deal isn’t my responsibility so haven’t been paying attention, now I read just out of curiousity.

The languages I am fluent in are English and American Sign Language which I learned in middle school and high school. I am not fluent in Spanish just like Portuguese, do you know any Spanish because what does it say since I am not able to translate that document.

 

[Marvel united]

FNE started reviewing it since November http://www.fne.gob.cl/wp-content/uploads/2018/11/inic_F155_2018.pdf

Still haven’t heard anything. It’s awfully silent.

The remaining approvals are Brazil Mexico and Chile that I’m aware of. I work for a company that does deal analysis I have access to a lot of deal docs and intels just that the Disney deal isn’t my responsibility so haven’t been paying attention, now I read just out of curiousity.

Wait, so these are the last hurdles? No countries left besides these? That sounds good to me

 

[Zyraquis]

The languages I am fluent in are English and American Sign Language which I learned in middle school and high school. I am not fluent in Spanish just like Portuguese, do you know any Spanish because what does it say since I am not able to translate that document.

Basically it says DIS and FOX have submitted the required info and additional info upon request so now FNE will open the review process.

 

[Zyraquis]

Wait, so these are the last hurdles? No countries left besides these? That sounds good to me

I will have to look up to be sure. EC had approved with conditions in November for sure. It may not need approvals in some countries where neither or just one of the two companies has operations so the merger won’t trigger any antitrust issue at all.

 

[Zyraquis]

I hope the guys who are responsible for this deal haven’t updated our data base (well they got Colombia on Jan 10 though, so...) but what I’m seeing now the outstanding ones are:

FCC in the US
ACCC in Australia
CADE in Brazil
IAA in Israel
JFTC in Japan
COFECE in Mexico
KFTC in South Korea
Rekabet Kurumu in Turkey
CMA in the UK
SCMP in Ecuador
CNDC in Argentina
FNE in Chile
CDPC in Honduras
AMC in Ukraine

That’s all

The first termination date on Dec 13 has already been past the second termination date is June 13 and if more time is needed they can extend it to Dec 13. That would be your do it or die date.

 

[Darkprime]

That doesnt sound right. I think your database is out of date.

 

[Marvel united]

I hope the guys who are responsible for this deal haven’t updated our data base (well they got Colombia on Jan 10 though, so...) but what I’m seeing now the outstanding ones are:

FCC in the US
ACCC in Australia
CADE in Brazil
IAA in Israel
JFTC in Japan
COFECE in Mexico
KFTC in South Korea
Rekabet Kurumu in Turkey
CMA in the UK
SCMP in Ecuador
CNDC in Argentina
FNE in Chile
CDPC in Honduras
AMC in Ukraine

That’s all

The first termination date on Dec 13 has already been past the second termination date is June 13 and if more time is needed they can extend it to Dec 13.

 

[Zyraquis]

If you found any statement about any of them approved already I would be happy to let them know that they are wrong. I don’t get along with them well so rubbing into their face is always a pleasure. Though our service is crazily expensive so if the info are very off someone will be in deep shxt and our clients would have already pointed out.

 

[Darkprime]

From what I can tell January 2020 would be the end of the 12-18 month time frame given by Disney back in 2017. what happens if it goes past the 18 months?

 

[Darkprime]

I still wonder if the rights would have reverted had comcast bought fox. was that ever confirmed or not? I remember it floating around when comcast made its bid. would have been ironic if comcast buying fox would have been better for us marvel fans.if the rights did revert.

 

[PsylockeBlackWidow]

FCC in the US
Rekabet Kurumu in Turkey
CMA in the UK

The US DOJ has approved the deal with conditions, not it does not need FCC approval

Turkey Approved it in October: https://www.rekabet.gov.tr/(X(1)S(4...e6-00505694b4c6?AspxAutoDetectCookieSupport=1

For CMA UK, isn't the UK still part of EU till late March, so EU conditional approval would cover them.

 

[Zyraquis]

Just in case anyone interested. The approved ones are:

CPC in Serbia on 18 June
HSR in the US on 27 June
Competition Bureau in Canada on 31 July
COPROCOM in Costa Rica on 31 July
CCI in India on 27 August
TFTC in Taiwan on 4 October
PCC in the Philippines on 16 October
CC in South Africa on 29 October
EC phase I decision on 6 November
SAMR in China on 16 November
ACA in Austria on 28 November
FAS in Russia on 6 December
SIC in Colombia on 10 January.

 

[Darkprime]

Just in case anyone interested. The approved ones are:

CPC in Serbia on 18 June
HSR in the US on 27 June
Competition Bureau in Canada on 31 July
COPROCOM in Costa Rica on 31 July
CCI in India on 27 August
TFTC in Taiwan on 4 October
PCC in the Philippines on 16 October
CC in South Africa on 29 October
EC phase I decision on 6 November
SAMR in China on 16 November
ACA in Austria on 28 November
FAS in Russia on 6 December
SIC in Colombia on 10 January.

Disney said their were something like 14-15 countries that needed to give approval didnt they?

 

[Marvel united]

I highly doubt the trades would be saying the deal is projected to close in March if there were still 14 countries unaccounted who have yet to approve the merger, let alone June.

 

[PsylockeBlackWidow]

Has Deadpool as Bob Ross said "Holy F**knuckles"

 

[Zyraquis]

The US DOJ has approved the deal with conditions, not it does not need FCC approval

Turkey Approved it in October: https://www.rekabet.gov.tr/(X(1)S(4...e6-00505694b4c6?AspxAutoDetectCookieSupport=1

For CMA UK, isn't the UK still part of EU till late March, so EU conditional approval would cover them.

As I said I don’t follow this deal so I’m not sure. Though this article did suggest FCC approval is needed after DOJ okayed it. Disney and Fox shareholders approve $71.3B merger

Also CMA has concurrent power with EC in certain areas not sure it applies here or not. EC looks at cases on a more EU wide impact CMA and other national ones look at the impact domestically.

Sometimes though our guys put it based on their own experience if they don’t have access to the actual agreement. Well I can look further to see if they have the agreement but it’s getting awkward. Ha

 

[Zyraquis]

The US DOJ has approved the deal with conditions, not it does not need FCC approval

Turkey Approved it in October: https://www.rekabet.gov.tr/(X(1)S(4...e6-00505694b4c6?AspxAutoDetectCookieSupport=1

For CMA UK, isn't the UK still part of EU till late March, so EU conditional approval would cover them.

Btw the Turkish one is a good find thanks. Gives me an opportunity to talk to them.

 

[Zyraquis]

Here is the agreement link the FCC and termination parts I extracted. I haven’t read it all need to run but it seems it didn’t list all countries approvals but said no governments should oppose to it so that may effectively mean they need approvals in all countries where both companies operate.

https://www.sec.gov/Archives/edgar/data/1001039/000095015718000744/ex2-1.htm

on FCC
(d) Governmental Consents. (i) The waiting period applicable to the consummation of the Mergers under the HSR Act shall have expired or been earlier terminated, (ii) if required in connection with the consummation of the Mergers and the issuance of shares of Holdco Stock pursuant to the Mergers, all Governmental Consents of the FCC to transfer control of, or assign, licenses and authorizations pursuant to the Communications Act shall have been obtained and (iii) the Governmental Consents applicable to the consummation of the Mergers set forth on Section 6.01(d) of the Company Disclosure Letter shall have been obtained (or the applicable waiting period shall have expired or been earlier terminated) (clauses (i)-(iii) collectively, the “Required Governmental Consents”).

on termination date

(a) the Mergers shall not have been consummated by 11:59 p.m. (New York City time) on December 13, 2018 (the “Initial Termination Date”, and as it may be extended below, the “Termination Date”), whether such date is before or after the date of adoption of this Agreement by the stockholders of the Company or the approval of the Stock Issuance by the stockholders of Parent referred to in Section 6.01(b); provided that if on such date any of the Required Governmental Consents shall not have been obtained and all of the other conditions set forth in Article VI have been satisfied or waived (except for those conditions that by their nature are to be satisfied at the Closing, provided that such conditions were then capable of being satisfied if the Closing had taken place), the Initial Termination Date may be extended by either Parent or the Company to 11:59 p.m. (New York City time) on June 13, 2019(the “First Extended Termination Date”); provided, further, that if on such extended date any of the Required Governmental Consents shall not have been obtained and all of the other conditions set forth in Article VI have been satisfied or waived (except for those conditions that by their nature are to be satisfied at the Closing provided that such conditions were then capable of being satisfied if the Closing had taken place), the First Extended Termination Date may be extended by either Parent or the Company to 11:59 p.m. (New York City time) on December 13, 2019 (the “Second Extended Termination Date”); provided, further, that if the condition set forth in Section 6.01(e) is not satisfied as of the applicable Termination Date because a Governmental Entity of a competent jurisdiction (other than those Governmental Entities set forth on Section 6.01(d) of the Company Disclosure Letter) shall have enacted, issued, promulgated, enforced or entered any Order that is not final and non-appealable (and all of the other conditions set forth in Article VI have been satisfied or waived (except for those conditions that by their nature are to be satisfied at the Closing, provided that such conditions were then capable of being satisfied if the Closing had taken place), then the Initial Termination Date, the First Extended Termination Date or the Second Extended Termination Date, as applicable, shall be extended until the earliest of (i) six months after the applicable Termination Date , (ii) two business days following such earlier date on which the Mergers are required to occur and (iii) the date such Order becomes final and non-appealable.

 

[Zyraquis]

I highly doubt the trades would be saying the deal is projected to close in March if there were still 14 countries unaccounted who have yet to approve the merger, let alone June.

It is because the trade can do educated guesses. For example in Israel if there arr no comments issued within 30 days after submission it is considered approved. In Japan it’s 30+90 days for a response. So if there are no noises in those countries like in Brazil then it is safe to assume the approval will come within a certain period. Probably by March like all authorities will have to give a response one way or another and if by now they are not raising any concerns like again in Brazil that bodes well.

Also I’m not surprised that some might have issued a nod quietly just that our people on the ground haven’t got to it. Their quality varies unfortunately.

 

[Marvel united]

It is because the trade can do educated guesses. For example in Israel if there arr no comments issued within 30 days after submission it is considered approved. In Japan it’s 30+90 days for a response. So if there are no noises in those countries like in Brazil then it is safe to assume the approval will come within a certain period. Probably by March like all authorities will have to give a response one way or another and if by now they are not raising any concerns like again in Brazil that bodes well.

Also I’m not surprised that some might have issued a nod quietly just that our people on the ground haven’t got to it. Their quality varies unfortunately.

Are you guys like the Men in Black of media mergers?

 

[Zyraquis]

If you want $20b but the buyers only give you $10b that’s bad but you don’t have a choice because you have to sell by June and every venture knows it.

Bloomberg - Are you a robot?

 

[Darkprime]

If you want $20b but the buyers only give you $10b that’s bad but you don’t have a choice because you have to sell by June and every venture knows it.

Bloomberg - Are you a robot?

Could one of these buyers also come forward and buy the networks in Brazil Disney will need to divest? Maybe Disney includes them as a bonus just to get rid of them.

 

[Detective Conan]

Sony Pictures Courses To $107M Q3 Profit Boosted By ‘Venom’

It looks like Sony’s film division won’t be sold for awhile. The success of Venom really boosted their profit earnings. Now I hate to be the one to ring the alarm bells with regards to Spider-Man staying in the MCU(we already have enough to worry about already since we’re in the middle of a major roadblock with the Fox acquisition when it comes to a certain corrupt Latin American country) but if this trend continues Sony may be emboldened to pull Spider-Man out of the MCU.