Disney’s Brazil Sale Clears Way For Fox Deal

Disney took a big step closer to completing its $71.3 billion purchase of 21st Century Foxwith Brazil’s conditional approval of the deal Wednesday. In an agreement with Brazil’s antitrust agency, Disney will sell the Fox Sports cable channel that serves the largest media market in South America. Brazilian regulators focused on Disney’s ownership of ESPN and Fox Sports as giving it too much power over sports rights and related deals.

Disney To Sell Fox Sports In Brazil, Mexico

Walt Disney Co., on the brink of sealing its $71 billion takeover of 21st Century Fox Inc. entertainment assets, will agree to sell the Fox Sports channels in Brazil and Mexico to win regulatory approval there, according to people close to the discussions