Mexico: IFT approves plan to divest Fox Sports

Mexico’s Federal Institute of Telecommunications (IFT) approved the conditions established in the proposed work plan to divest the assets of sports television network Fox Sports, a condition set for the global merger of entertainment giants The Walt Disney Company and Twenty-First Century Fox.

The IFT approved the merger in Mexico in March, imposing however a series of conditions on the subscription television market, particularly in the transmission of sporting events. Disney must divest Fox Sports in a period of no more than 6 months, including all the assets necessary to keep it as a viable and independent business.

Mazars LLP has been approved as an independent auditor to carry out the divestiture process. The firm has been an auditor in 56 international operations, in markets such as the US, Europe and Brazil.
Full Content: Heraldo de México

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