Entertainment industry behemoth Disney has formally notified the Administrative Council of Economic Defense of Brazil (CADE) of its proposed acquisition of rival Fox. In the document, Disney (Brazil) argued that the purchase would not reduce competition in the sector, nor would it create or reinforce a dominant or monopolistic position, either in Brazil or abroad.
The operation, announced in December 2017, has been approved by the US Department of Justice.
Both parties operate in the programming and distribution of audiovisual content. Legal representatives of both companies mentioned that their activities compete mainly in the distribution of films for exhibition in cinemas and in the operation of pay TV channels.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
French Competition Watchdog Raids EPC Groupe
May 20, 2024 by
CPI
Nippon Steel Vice Chairman to Visit US for Key Meetings in U.S. Steel Acquisition
May 20, 2024 by
CPI
Google Pays Damages to US Government in Attempt to Avoid Jury Trial in Antitrust Case
May 20, 2024 by
CPI
Nature’s Miracle and Agrify Terminate Merger Agreement Amid Challenges
May 20, 2024 by
CPI
UK’s AI Safety Institute to Open US Office Amid Growing Calls for Global Collaboration
May 20, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI