Univision, which has been under new ownership since the end of 2020, has teamed with stakeholder Grupo Televisa to create a new global Spanish-language media giant.Under the terms of the sweeping deal revealed this evening, Univision will pay $4.8 billion for the assets of Televisa, a Mexican production powerhouse that already was a minority owner of Univision.
The two companies will then create Televisa-Univision, which they say will be the largest player in Spanish-speaking media. Grupo Televisa will be the largest stakeholder in the new company, owning 45%.Additional investment in the new entity is coming from the SoftBank Latin America Fund, Google and The Raine Group.While it has faced stiffer competition in recent years from rival
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