Televisa and Univision have received regulatory approvals to merge assets: statement

Stock image. A technician holds a microphone from Mexican television station Televisa before a soccer game at the Universitario de San Nicolás de los Garza stadium, on the outskirts of Monterrey, Mexico. May 3, 2018. REUTERS / Daniel Becerril

MEXICO CITY, Jan 24 (Reuters) – The announced merger of media conglomerates Televisa and Univision has received all pending regulatory approvals, both companies said on Monday, as they aim to create the world’s leading company in the Spanish-language sector.

Grupo Televisa, Mexico’s largest television network, announced in April that it would combine most of its products with US-based Univision to create a new Spanish-language media company.

As reported last year, Televisa would contribute approximately $4.8 billion in content and Univision would contribute $3 billion in cash, $1.5 billion in own shares and $300 million from other sources.

(Report by Miguel Ángel Gutiérrez and Raúl Cortés Fernández. Edited by Ana Isabel Martínez)



Reference-www.infobae.com

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