Tags: US | Grupo | Televisa | Univision

Grupo Televisa to Invest $1.2 Billion in Univision

Tuesday, 05 Oct 2010 09:48 AM

Grupo Televisa says it will invest $1.2 billion in Univision Communications, extending and expanding a license deal between the Spanish-language media companies.

Televisa will also contribute its 50 percent stake in its TuTV joint venture with Univision.

In exchange, it will get a 5 percent stake in Univision, as well as debentures convertible into another 30 percent stake in the future. It will also have the option to buy another 5 percent stake in Univision, bringing the total to a possible 40 percent stake.

The companies say three Televisa representatives will join Univision's board, which will increase to 20 members.

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Grupo Televisa says it will invest $1.2 billion in Univision Communications, extending and expanding a license deal between the Spanish-language media companies.Televisa will also contribute its 50 percent stake in its TuTV joint venture with Univision.In exchange, it will...
US,Grupo,Televisa,Univision
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2010-48-05
Tuesday, 05 Oct 2010 09:48 AM
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