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left-of-center2012

(34,195 posts)
Tue Apr 13, 2021, 10:50 PM Apr 2021

Televisa, Univision to Merge, Forming Spanish-Language Media Powerhouse

The two companies announce a plan to combine media, production and content assets.

Mexico's Televisa and Univision are set to combine media, production and content into a new company to be called Televisa-Univision, the two announced Tuesday. Univision will pay about $4.8 billion for Televisa's content assets.

The merger will be partly financed by $1 billion of new Series C preferred equity investment led by SoftBank's Latin American Fund, along with current Univision investor ForgeLight LLC, Google and The Raine Group; and $2.1 billion of debt commitments arranged by J.P. Morgan.

The merger would create the largest Spanish-language media company in the world.

https://www.hollywoodreporter.com/news/televisa-univision-to-merge-forming-spanish-language-media-powerhouse

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