ViacomCBS Networks International completed the acquisition of an unknown majority stake in Fox TeleColombia & Estudios TeleMexico from The Walt Disney Company.
November 22, 2021
Share
ViacomCBS Networks International entered into a definitive agreement to acquire an unknown majority stake in Fox TeleColombia & Estudios TeleMexico from The Walt Disney Company (NYSE:DIS) on October 28, 2021. This transaction combined with ViacomCBS's existing portfolio in Latin America, which includes ViacomCBS International Studios'. The acquisition of Fox TeleColombia & Estudios TeleMexico, combined with ViacomCBS' existing Spanish-language portfolio including Telefe and Chilevisión, reinforces the company's position as a leading worldwide producer of Spanish-language content. Samuel Duque Rozo, Founder and Chief Executive Officer of the company, will continue to exclusively support the business from a creative and strategic advisory position and Samuel Duque Duque, current President, will lead the business. Fox TeleColombia & Estudios TeleMexico will fall under the remit of Juan "JC" Acosta. The transaction is subject to regulatory approval and customary closing conditions.
ViacomCBS Networks International completed the acquisition of an unknown majority stake in Fox TeleColombia & Estudios TeleMexico from The Walt Disney Company (NYSE:DIS) on November 23, 2021. O'Melveny & Myers, LLP acted as legal advisor to ViacomCBS Networks.
The Walt Disney Company is a media and entertainment group. Net sales (including intragroup) break down by activity as follows:
- operation of theme parks and hotel resorts (33.9%): operation, as of 01/10/2022, of 10 theme parks (35 hotels) located in the United States (Walt Disney World Resort, Disneyland Resort and Aulani; 6 theme parks and 23 hotels), France (Disneyland Paris; 2 theme parks and 7 hotels), Japan (Tokyo Disney Resort; 2 theme parks and 5 hotels), Hong Kong (Hong Kong Disneyland; 1 theme park and 3 hotels) and China (Shanghai Disney Resort; 1 theme park and 2 hotels). The group is also involved in cruise sales (Disney Cruise Line), travel organization (Disney Vacation Club and Adventures By Disney), design and development of parks and other real estate properties, and sale of consumer products (children's books, toys, game software, films, etc.);
- operation of TV and radio channels (33.4%): domestic channels (Disney Channels, ESPN, ESPN Radio, Freeform, FX Channels and National Geographic Channels) and international channels (Disney, ESPN, Fox, National Geographic and Star). The group is also developing film post-production and website operation businesses;
- video streaming (23.1%);
- audiovisual content production and distribution (9.6%): TV programs, animated films, TV series, music, live entertainment, etc.
Net sales are distributed geographically as follows: Americas (81.5%), Europe (10.4%) and Asia/Pacific (8.1%).
ViacomCBS Networks International completed the acquisition of an unknown majority stake in Fox TeleColombia & Estudios TeleMexico from The Walt Disney Company.
WALT DISNEY COMPANY (THE) 
