US movie studio and media conglomerate Twenty-First Century Fox was swallowed up by the The Walt Disney Company for $71bn, raising some serious global competition concerns. In India, the deal included media players Hotstar, Tata Sky and Star India, according to Digit, and would have therefore also faced scrutiny by competition authorities.

With the acquisition, Disney will own a big chunk of the world’s blockbuster licences and streaming services.

AZB & Partners provided the corporate advice for Twenty-First Century Fox, led by Mumbai-based partners Ashwath Rau and Roxanne Anderson, and senior associate Pranav Atit.

Talwar Thakore & Associates (TTA) acted for Twenty-First Century Fox on competition law issues.

AZB & Partners Delhi assisted The Walt Disney Company on some corporate law advice and some competition law and tax aspects, with a tax team led by partners Sunil Agarwal and Ajay Bahl.

Primary jurisdiction of deal: US

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