U.S. markets closed
  • S&P Futures

    4,218.50
    +4.75 (+0.11%)
     
  • Dow Futures

    33,790.00
    +29.00 (+0.09%)
     
  • Nasdaq Futures

    14,140.50
    +10.50 (+0.07%)
     
  • Russell 2000 Futures

    2,281.50
    +0.60 (+0.03%)
     
  • Crude Oil

    73.64
    -0.02 (-0.03%)
     
  • Gold

    1,785.00
    +2.10 (+0.12%)
     
  • Silver

    25.95
    -0.07 (-0.29%)
     
  • EUR/USD

    1.1912
    -0.0013 (-0.11%)
     
  • 10-Yr Bond

    1.4840
    +0.0340 (+2.34%)
     
  • Vix

    17.89
    -2.81 (-13.57%)
     
  • GBP/USD

    1.3915
    -0.0018 (-0.13%)
     
  • USD/JPY

    110.4070
    +0.1090 (+0.10%)
     
  • BTC-USD

    32,562.70
    -2,649.34 (-7.52%)
     
  • CMC Crypto 200

    782.92
    -67.42 (-7.93%)
     
  • FTSE 100

    7,062.29
    +44.82 (+0.64%)
     
  • Nikkei 225

    28,725.70
    +714.77 (+2.55%)
     

Media business Lauman to buy Fox Sports Mexico - report

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

MEXICO CITY, May 22 (Reuters) - Mexican media conglomerate Grupo Lauman will buy Fox Sports' Mexico operations, fulfilling a key regulatory condition of Walt Disney Co's acquisition of Twenty-First Century Fox Inc's film and television assets, newspaper El Financiero said.

El Financiero, which is part of Grupo Lauman, announced the news late on Friday without putting a value on the acquisition. It said that more details on the deal would follow.

Mexico's telecoms regulator, the Federal Telecommunications Institute (IFT), in 2019 approved Disney's $71 billion purchase of Fox's media assets, subject to the sale of Fox Sports channels due to the market power the deal created. (Reporting by Dave Graham; editing by Diane Craft)