Grupo Multimedia Lauman, SAPI de C.V. completed the acquisition of Fox Sports Mexico from Fox Corporation.
June 09, 2021
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Grupo Multimedia Lauman, SAPI de C.V. agreed to acquire Fox Sports Mexico from Fox Corporation (NasdaqGS:FOXA) on May 21, 2021. The transaction is subject to regulatory approval. As of June 8, 2021 the transaction has been approved by Federal Institute of Telecommunications.
Grupo Multimedia Lauman, SAPI de C.V. completed the acquisition of Fox Sports Mexico from Fox Corporation (NasdaqGS:FOXA) on June 10, 2021. The value of the purchase by the Lauman Group of Fox Sports Mexico has not been reported, but various media reported that the operation has been around $300 million.
Fox Corporation is a news, sports, and entertainment company. The Company operates in three segments: Cable Network Programming, Television and Other, Corporate and Eliminations. The Cable Network Programming segment produces, and licenses news and sports content distributed through traditional cable television systems, direct broadcast satellite operators and telecommunication companies (traditional MVPDs), virtual multi-channel video programming distributors (virtual MVPDs) and other digital platforms primarily in the United States. The Television segment produces, acquires, markets, and distributes programming through the FOX broadcast network, advertising supported video-on-demand (AVOD) service TUBI, 29 full broadcast television stations, including 11 duopolies, and other digital platforms, primarily in the United States. The Other, Corporate and Eliminations segment consists of the FOX Studio Lot, which provides television and film production services and Credible Labs Inc.
FOX CORPORATION 
