Mexican court ruling on Disney-Fox merger will not stall deal - regulator
MEXICO CITY, Dec 5 (Reuters) - A Mexican court decision regarding Walt Disney Co's DIS.N acquisition of Twenty-First Century Fox Inc's assets in Mexico will not stall the finalization of the deal, telecoms regulator IFT said in a statement on Thursday.
Last year, Disney agreed to purchase Fox's film and television assets for $71 billion, marking one of the largest media deals in recent history after Disney won a bidding war against cable company Comcast Corp. CMCSA.O
(Reporting by Julia Love; Editing by David Alire Garcia)
((Julia.Love@thomsonreuters.com, @byJuliaLove; 52 (55) 5282-7131;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Latest US Markets Videos
- Dashboard of a Downturn: Coronavirus Starts To Set Off Some Recession Alarm Bells
- Security contractor G4S to sell most of cash ops to Brinks in $945 million deal
- U.S. Consumer Spending Could See One-Two Punch From Stocks Drop, Coronavirus
- EXCLUSIVE-SmileDirectClub’s top dentist risks losing license in California crackdown