M&A News: Fox Corp (FOXA) Acquires Caliente TV
Media company Fox Corp (FOXA) has acquired Caliente TV, which is a sports streaming platform and TV channel, in order to strengthen its sports broadcasting footprint in Mexico. This acquisition gives Fox access to valuable broadcasting rights for major competitions like the UEFA Champions League, France's Ligue 1, and select Liga MX matches, which will allow it to meet the rising demand for premium sports content in the region.
Confident Investing Starts Here:
Following the acquisition, Fox plans to expand its offerings through a multi-platform strategy that includes launching a new pay TV channel and a subscription-based video-on-demand service. These services will complement Tubi, which is Fox's existing free and ad-supported streaming platform. Interestingly, Carlos Martinez, Fox's executive vice president and managing director for Latin America, will lead the rollout of these new plans in Mexico and Central America.
It is worth noting that Martinez brings more than 30 years of experience in the Latin American broadcasting industry. While Fox did not disclose the financial details of the Caliente TV deal, the move is in line with its overall streaming strategy. Indeed, just last month, the company announced that Fox One, its new subscription streaming service, would debut before the start of the fall football season. The shift comes as Fox sees growing advertiser interest across its platforms—including Fox News, Fox Sports, and Tubi—which helped it surpass revenue expectations in its latest quarterly earnings.
Is FOXA Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on FOXA stock based on seven Buys, seven Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average FOXA price target of $57.43 per share implies 5% upside potential.
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M&A News: Fox Corp (FOXA) Acquires Caliente TV
Media company Fox Corp (FOXA) has acquired Caliente TV, which is a sports streaming platform and TV channel, in order to strengthen its sports broadcasting footprint in Mexico. This acquisition gives Fox access to valuable broadcasting rights for major competitions like the UEFA Champions League, France's Ligue 1, and select Liga MX matches, which will allow it to meet the rising demand for premium sports content in the region. Confident Investing Starts Here: Following the acquisition, Fox plans to expand its offerings through a multi-platform strategy that includes launching a new pay TV channel and a subscription-based video-on-demand service. These services will complement Tubi, which is Fox's existing free and ad-supported streaming platform. Interestingly, Carlos Martinez, Fox's executive vice president and managing director for Latin America, will lead the rollout of these new plans in Mexico and Central America. It is worth noting that Martinez brings more than 30 years of experience in the Latin American broadcasting industry. While Fox did not disclose the financial details of the Caliente TV deal, the move is in line with its overall streaming strategy. Indeed, just last month, the company announced that Fox One, its new subscription streaming service, would debut before the start of the fall football season. The shift comes as Fox sees growing advertiser interest across its platforms—including Fox News, Fox Sports, and Tubi—which helped it surpass revenue expectations in its latest quarterly earnings. Is FOXA Stock a Good Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on FOXA stock based on seven Buys, seven Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average FOXA price target of $57.43 per share implies 5% upside potential.
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June 19 (UPI) -- Fox Corporation on Thursday said it has acquired Mexico's Caliente TV, a sports broadcasting platform. Fox also said it has appointed Carlos Martinez as executive vice president and managing director to oversee Fox broadcasting strategy in Latin America. "Fox's investment to acquire Caliente TV reflects our commitment to building a leading sports streaming business in Mexico with massive audience reach, a robust sports rights portfolio and an impressive roster of exclusive sports leagues and talent," Martinez said in statement. Fox said this deal will lead to development of " a multi-platform business that will include the launch of a new Pay TV channel and an SVOD Platform that will join the existing AVOD platform Tubi, producing and distributing more than 3,000 hours of original sports content." With the Caliente acquisition, Fox now has a premium broadcast rights portfolio that includes 6 Liga MX men's clubs; 10 Liga MX women's clubs; the CONCACAF Champions Cup; the Premier League and the FA Cup; UEFA Champions League; Ligue 1 France; Coppa Italia; the United Football League; Big Ten Conference; World Enduro Championship (WEC) and the NASCAR Mexico Series. Fox said Martinez has over three decades broadcast industry experience in Latin America, including executive roles at Turner, Discovery and Fox. The company said he will oversee operations and strategy for Fox platforms in Mexico and Central America. Copyright 2025 UPI News Corporation. All Rights Reserved.
