“In one of the last steps in the regulatory review of Disney’s $71.3 billion deal to buy most of 21st Century Fox, regulators in Brazil appear to be poised to approve the transaction on Wednesday,” Deadline reports. “Officials at CADE (whose translated full name is The Administrative Council for Economic Defense) are said to now be satisfied after Disney offered some of the concessions they had requested.”
The report cites a source with knowledge of the regulatory process saying that once the deal gets the OK in Brazil, a final closing period of about 10 days will begin for the acquisition.
“That would mean an official closing in mid-March, which is in line with initial forecasts even if it is later than it appeared things would conclude by the last few weeks of 2018,” Deadline notes.
The deal’s progress in Brazil follows news that a similar agreement had reportedly been reached with regulators in Mexico.