Mexico's Televisa wins injunction on part of Disney-Fox deal; merger unaffected

[Y2kTheNewOldies]

https://www.reuters.com/article/us-...sney-fox-deal-merger-unaffected-idUSKBN1Y92FO

MEXICO CITY (Reuters) - Mexican broadcaster Grupo Televisa won an injunction against Walt Disney Co’s acquisition of Twenty-First Century Fox Inc’s assets in Mexico, but Mexico’s market regulator said on Thursday that the ruling would not stall the deal.

Televisa said the court had ordered the regulator, the Federal Telecommunications Institute (IFT) to review its claim that the merger would create an “illegal concentration” in the Mexican broadcast market. But the regulator said the court’s decision has only a narrow application.

“We are very pleased that the federal judiciary has ordered a full review of the merger in light of the arguments we presented almost a year ago,” Televisa said in a statement.

But the IFT said the court’s decision applies only to an analysis conducted by one of its own units and the unit’s decision to reject a complaint by Televisa. The IFT said the decision does not relate to the regulator’s finding on market concentration. It called the injunction “not definitive.”

Televisa had filed multiple complaints related to its contention about the deal’s impact on competition in the Mexican market.

Here is the Fallout on the Disney/ 20th Century Fox deal in Mexico.