• Reuters

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Brazil’s antitrust regulator said on Wednesday it will reassess Walt Disney Co’s (DIS.N) $71 billion purchase of Twenty-First Century Fox (FOXA.O) because the divestiture requested by the regulator as a condition for the merger of U.S. media companies has not happened yet.

“The deal approved in February was contingent on the sale of the Fox Sports channel. As the sale was not finalized, the case will be re-examined,” the regulator known as “Cade” said in a statement.

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