Brazil antitrust body raises concerns over Disney-Fox deal

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Brazil’s antitrust regulator Cade said on Monday that a deal by Walt Disney Co (DIS.N) to buy Twenty-First Century Fox’s (FOXA.O) entertainment assets raised concerns about undermining competition in the cable television market. “The filing of the report on CADE’s review of the 21st Century Fox acquisition is part of the agency’s normal pre-merger process,” a Disney spokesman said. Disney agreed to purchase Fox’s film and television assets for $71.3 billion and has received approval from China and the European Commission earlier this month, subject to certain conditions.

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