News Corp buyout of Disney stake in ESS

CRA advised News Corp in its successful bid to acquire Disney’s stake in their joint venture ESPN Star Sports (ESS). The buyout was approved by the Competition Commission of India (CCI) without conditions. News Corp is the parent company of the Star Group in India, which produces and distributes a number of general entertainment, news, and movie pay-TV channels in India. ESS produces and distributes several sport pay-TV channels in India.