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A hard setback for Mickey Mouse and the purchase of FOX. The National Economic Prosecutor’s Office presented before the Court for the Defense of Free Competition an injunction against The Walt Disney Company and its subsidiary TWDC Enterprises 18 Corp. for having provided false information during the process.
As reported by FNE, Disney Matrix stated during 2018 that he did not have a certain history of Twenty-First Century Fox, Inc., something that later did not agree with the reports delivered by the same company.
For the same reason, in the request the Prosecutor’s Office requested a fine of US $ 439 thousand for Disney Matrix and US $ 3.7 million for your subsidiary, totaling US $ 4.1 million.
The national economic prosecutor, Ricardo Rioseconoted that “the fines requested are explained due to the seriousness of violating the control procedure concentration operations “.
“When companies deliver false information and do not comply with mitigation measures, violate the principle of collaboration and cooperation that inspire the merger analysis system, “he added.
The information handled by Disney would correspond to studies, analyzes, reports or surveys that contained information on characteristics of the affected market for the operation in Chile.
In addition, they had to send a written communication explaining mitigation measures to all pay television distributors, so that they were aware of the clauses to protect their negotiating position, something that didn’t happen within the deadlines.
The FNE filed an injunction with the TDLC against Disney and one of its subsidiaries for providing false information and breaching one of the commitments adopted in the concentration with Fox. The Prosecutor’s Office requested a fine of US $ 4 million. https://t.co/VKal509L5q pic.twitter.com/iZvb47SSU6
– FNE_Chile (@ChileFne) September 22, 2020
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