Mexican media giant Grupo Televisa announced on Monday that it will invest $1.2 billion in Univision in exchange for a stake in the U.S.-based Spanish-language broadcaster and a new content-sharing agreement between the two companies.
As part of the deal, Televisa will get a stake of up to 40 percent in Univision. The $1.2 billion investment includes a 5 percent equity stake and debt that can convert into an additional 30 percent equity stake, according to a joint statement issued by both companies. Televisa, known for its “telenovela” soap operas, also has the option of buying an additional 5 percent stake in Univision over the next five years, bringing its total interest, ultimately, to 40 percent.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
