Judge slows merger of Disney and Fox in Mexico

The company alleges that the telecommunications regulator “unfairly” dismissed the company’s arguments about the threats the merger poses to competition in the country.

A judge granted Televisa a court order that will delay the closure of Walt Disney’s purchase of 21st Century Fox’s entertainment assets in the country.

Televisa alleges that the Federal Telecommunications Institute (IFT) unfairly dismissed the company’s arguments about threats to the merger competition, according to Expansión.

The judge ordered the regulator to conduct a new investigation into the competition and review whether Televisa’s arguments are substantial.

The IFT said it had not yet been notified regarding the judge’s decision.

According to the publication, Disney and Fox had already closed the financial transaction, valued at $ 71 billion, and are operating as a single company in most markets. Therefore, the court decision will have little impact for Disney outside of Mexico.

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