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Mexican regulators have endorsed Disney's $ 73.1 billion merger with 21st Century Fox's assets, paving the way for the deal to be completed by March 20. The Federal Telecommunications Institute (FTI) of the country declared Tuesday session the day before the meeting, it voted unanimously in favor of the agreement, subject to the fulfillment of conditions that prevent any risk of competition, such as the sale of Fox's regional sports networks.
Disney announced Tuesday that the company had received the last major approval of the transaction by Mexico. As with Brazil last month, the main point of disagreement was Disney's alleged ownership of Disney Sports, given the importance of football rights; The combination of ESPN's Fox and Disney networks has also been viewed with circumspection by US and European regulators, with major divestitures expected.
Fox's RSNs, worth more than $ 15 billion, are in the process of being purchased. As stipulated in a settlement between Disney and the US Department of Justice, these divestments may continue for a short period beyond the scheduled close of the main agreement, but are expected to close this year.
Disney said Tuesday that 21st Century Fox shareholders will have until Thursday to choose the amount of cash and Disney shares to be received in the transaction; Fox shareholders will receive a mix of cash and shares valued at $ 38 per share.
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