“What we are going to analyze is qualify whether the buyer can be eligible, that it is independent of the parties, and that there is no problem in terms of competition with the buyer. If it turns out that it is someone who has a lot of market participation and is going to generate another problem, clearly we would not authorize it,” Contreras said.
He added that the objective of the IFT is to preserve competition, and therefore, both ESPN and Fox Sports will remain competitors, because that is why they were prevented from concentrating on a single player.
Last Monday the regulator approved the merger agreement between the companies, valued at US$71 billion dollars, under the condition that they sell the channels and programming rights of Fox Sports in Mexico, in a similar decision to those taken in other countries such as Brazil or Chile.
Full Content: El Financiero
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Bayer Faces US Antitrust Suit Over Pet Meds Competition
May 2, 2024 by
CPI
Landmark Monopoly Trial Between DOJ and Google Wraps Up
May 2, 2024 by
CPI
Lawmaker Probes FTC and EU’s Role in Amazon’s Failed iRobot Acquisition
May 2, 2024 by
CPI
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources
May 1, 2024 by
CPI
UK Competition Watchdog Raises Alarm Over Nvidia’s ARM Takeover
May 1, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI