Disney’s Sale of Fox TeleColombia & Estudios TeleMexico to ViacomCBS Networks International

On October 28, 2021, ViacomCBS Inc. announced that ViacomCBS Networks International has entered into a definitive agreement to acquire a majority stake in Spanish language content producer Fox TeleColombia & Estudios TeleMexico from The Walt Disney Company (“Disney”) and the founding family of Fox TeleColombia & Estudios TeleMexico. ViacomCBS International Studios’ VIS will operate Fox TeleColombia & Estudios TeleMexico as a collaborative partnership with the founding family. Cravath is representing Disney in connection with the transaction.

The Cravath team is led by partner George F. Schoen and includes associates Kathryn Kennedy Bleday, Cole DuMond and Peter Kim on M&A matters; partner Lauren Angelilli, senior attorney Andrew Carlon and associate Carlos Nicholas Obando on tax matters; partner Jonathan J. Katz, practice area attorney Sarah W. Colangelo and associate David Crampton on executive compensation and benefits matters; partner David J. Kappos and associate Pedraam Mirzanian on intellectual property matters; partner Matthew Morreale on environmental matters; and senior attorney Joyce Law on real estate matters. Kiyana A. Grimes also worked on M&A matters.