At closing, the board will be composed of Emilio Fernando Azcrraga Jean, Bernardo Gmez Martnez, Alfonso de Angoitia Noriega, Marcelo Claure, Michel Combes, Gisel Ruiz, Oscar Muoz, Maria Cristina MC Gonzalez Noguera, Wade Davis, Eric Zinterhofer, Jeff Sine and two additional Televisa appointees. Plans for a global streaming service are moving full steam ahead,with a livestream "unveiling" of the platform scheduled for February 16, 2022. Televisa, based in Mexico City, will retain 45% interest in the new entity. American Consumer News, LLC dba MarketBeat 2010-2023. As a part of the agreement, Televisa will retain ownership of izzi Telecom, Sky, and other businesses, as well as the main real estate associated with the production facilities, the broadcasting licenses and transmission infrastructure in Mexico. 1 Spanish-language sports network in the country. 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth, Want Monthly Income? La teleconferencia se retransmitir a partir de la 12:00 p.m. Centro del 14 de abril hasta las 11:00 p.m. Centro del 28 de abril. Details remain somewhat sparse, though the company says it will have a free and a premium tier. NUEVA YORK, MIAMI Y CIUDAD DE MXICO 13 de abril de 2021 Grupo Televisa, S.A.B. The newly named TelevisaUnivision will launch a global Spanish-language streaming service later this year. and The Raine Group; and $2.1 billion of debt commitments arranged by J.P. Morgan. padding-left: 10px!important; Mexico's media giantGrupo Televisaand U.S. Spanish-language broadcasterUnivisiontoday announced they have closed their$4.8 billion content merger, nine months after they reported their intention to combine their media assets. The pact provided Univision access to inexpensive shows from Mexico, giving the company little incentive to create its own scripted programming. Both firms have been struggling to capture a share of the booming over-the-top (OTT) video services sector. Under the terms of the agreement, Univision will pay $3.0 billion in cash, $750 million in Univision common equity and $750 million in Series B preferred equity, with an annual dividend of. Grupo Televisa and Univision Holdings II, Inc. (together with its wholly-owned subsidiary, Univision Communications, have confirmed the completion of the $4.8 billion (4.3bn) transaction between Televisa's media content and production assets and Univision. The Raine Group is a global merchant bank focused exclusively on technology, media, and telecommunications. A conference call to discuss the combination will be held tomorrow, April 14, 2021 at 9:00 a.m. CDT / 10:00 a.m. EDT. Allen & Company LLC se desempea como asesor financiero de Televisa. Katz January 31, 2022 Univision and Mexico's Televisatwo of the biggest Spanish-language. En Estados Unidos, el contenido audiovisual de Televisa se distribuye a travs de Univision Communications Inc. (Univision), una empresa de medios de habla hispana lder en Estados Unidos. Guggenheim Securities y J.P. Morgan se desempean como asesores financieros de Univision; y Paul, Weiss, Rifkind, Wharton & Garrison LLP; Sidley Austin LLP y Covington & Burling LLP como asesores legales de Univision. Copyright 2001-2023. A native of Wyoming, she is a graduate of the University of Colorado and Columbia University. Fed's Shocking New Plan to Control Your Money. After closing, content production and operations in Mexico will continue to be led by Emilio Azcrraga, Chairman of the Televisa Board of Directors, and Bernardo Gmez and Alfonso de Angoitia, Televisas Co-Chief Executive Officers, during a transition period to ensure a smooth and successful integration. Los activos de contenido de Televisa se aportarn a cambio de aproximadamente $4.8 mil millones. All Rights Reserved. Esta combinacin transformadora une la ms destacada cadena al servicio de las audiencias hispanohablantes en Estados Unidos con la principal plataforma de medios en Mxico, propulsada por el ms potente creador de contenido en espaol del mundo, dijo Wade Davis, director general de Univision. Televisa and Univision have closed their landmark transaction, a long-awaited merger deal that will now create a Spanish-language media and content powerhouse that will reach 100 million. Locally, Univision owns or operates 61 television stations in major Hispanic markets across the United States. .article-native-ad { The Companys Board will have 13 directors: five appointed by Televisa, three by Searchlight and ForgeLight, two by the Series C shareholders and three independent directors. Univision Communications and Grupo Televisa plan to merge their entertainment assets to create a powerful new Spanish-language media company with one foot in the United States and the other in Mexico. The close of our transaction marks a historic moment for our company and our industry, Davissaid in a release. I would like to thank Chairman Emilio Azcrraga for his confidence in us, to continue as partners growing the incredible company he and his family have built. Mexico's Grupo Televisa and U.S.-based Univision Holdings, Inc. jointly announced they've reached a deal to combine content and media assets of both companies "to create the largest Spanish-language media company in the world.". To Read the Full Story Become an Adweek+ Subscriber. Contactos para los medios e inversionistas, Univisions 35th Annual PREMIO LO NUESTRO Ranks as #1 Program on All of Television and Social Media, PREMIO LO NUESTRO Celebrates 35th Edition with a Spectacular Gala. At the same time, it reinforces the strength of the traditional media assets of both companies.. Televisa also has interests in magazine publishing and distribution, professional sports and live entertainment, feature-film production and distribution, and gaming. Televisa will be the largest shareholder in Televisa-Univision, with a 45% equity stake, but Univision CEO Wade Davis will lead the combined company. ForgeLight directly operates or provides dedicated operating support to its companies. The resulting business will hold the largest long-form library of content in the world, a powerful portfolio of IP and global sports rights, fueled by the most prolific Spanish-language production infrastructure. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on and TWO wasn't on the list. Nmero de retransmisin: +1 (404) 537-3406. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: MEXICO CITY (AP) Grupo Televisa, Mexicos largest television network, announced Tuesday it is merging with U.S. Spanish-language broadcaster Univision to form what they called the definitive global leader in Spanish-language media.. Thedeal is expected to close some time in 2021, subject to regulatory approvals in the United States and Mexico, and Televisa shareholder approval. Univision had signed deals with Eugenio Derbez and Selena Gomez in anticipation of the streaming launch, which will also leverage Televisas significant library to total more than 300,000 hours of content. An Overview of Blue Chips. Emilio Azcrraga Jeans grandfather co-founded Univision 60 years ago with a single TV station in San Antonio, and his father built Televisa into an entertainment and political juggernaut in Mexico. Televisa distribuye el contenido que produce a travs de varios canales de televisin abierta en Mxico y en ms de 70 pases a travs de 27 marcas de canales de televisin de paga y canales de televisin, operadores de cable y servicios adicionales por internet (OTT, por sus siglas en ingls). As a result, Televisas net debt leverage ratio will decline to below 2.0x and its U.S. dollar-denominated assets and liabilities will be matched. De Angoitia stated the merger of "thetwo largest Spanish-speakingmarketsin the world has created a company with tremendous potential and they are "ready to revolutionize the industry by delivering the most comprehensive Spanish-language content offering to audiences around the world.. The end of the transaction means the beginning of a new company named TelevisaUnivision, Inc., which will build on a unitedSpanish-language content library that has 300,000 hours of programming and an extensive portfolio of IP and sports rights. Televisa adems aportar sus cuatro canales de seal abierta, sus 27 canales de televisin pagada y estaciones, su estudio cinematogrfico Videocine y servicio de subscripcin Blim TV de video on demand (SVOD) y la marca Televisa. Identify stocks that meet your criteria using seven unique stock screeners. La prominente cartera digital de la empresa incluye Univision.com, el servicio de streaming gratuito de video on demand con publicidad PrendeTV, Univision Now, la mayor red de influencers hispanos y varias de las aplicaciones ms populares. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. This creates a powerful margin profile unlike any other media company, including run-rate synergies, EBITDA margin is expected to be close to 45%. Univision is acquiring Televisa in a $4.8 billion merger deal that will create a massive new Spanish-language media company. padding-bottom: 20px; This strategic combination generates significant value for shareholders of both companies and will allow us to more efficiently reach all Spanish-language audiences with more of our programming, Azcrraga Jean, executive chairman of the Televisa board of directors, said in a statement. margin-bottom: 20px; Bajo las condiciones del acuerdo, Univision pagar $3 mil millones en efectivo, $750 millones en acciones ordinarias de Univision y $750 millones en acciones preferentes de la serie B, con un dividendo anual de 5.5%. During the 14 years Univision was controlled by Los Angeles billionaire Haim Saban and other private equity investors, the company battled Televisa over the rights to the programming and squandered its leadership position in the U.S. Spanish-language market after a failed foray into English-language programming. She previously wrote for the Miami Herald and the Palm Beach Post. The new trajectory of our company is supported by our new ownership group, which is well positioned to amplify the efforts of one of the best leadership teams in the world., Sign up for THR news straight to your inbox every day. Univision and Televisa will henceforth be known as TelevisaUnivision, Inc., now the worlds leading Spanish-language media and content company. Combining with Univision has always been a dream for us. The combined entity will have the content, production capacity, intellectual property, global reach and financial resources to aggressively pursue the relatively nascent global Spanish-language streaming opportunity, Televisa said in a press statement. It's a done deal. Over the past year both companies have transformed themselves, reaching levels of financial performance and audience resonance that has not been seen for years. Tambin deseo agradecer a Alfonso de Angoitia y Bernardo Gmez, los presidentes ejecutivos de Televisa, por su continuo apoyo y colaboracin a medida que trabajamos juntos para ofrecer a nuestra audiencia cada vez mayor acceso a contenido en espaol incluso ms impactante, cautivador e interesante, de la manera que prefieran. Univision and Televisa first announced the merger in April 2021. See what's happening in the market right now with MarketBeat's real-time news feed. Those assets will merge withUnivisions holdings, which include Univision and UniMs broadcast networks, nine Spanish-language cable networks, 61 television stations and 58 radio stations in major U.S. Hispanic markets and Puerto Rico, and digital properties, including its recently launched AVOD streaming service, PrendeTV. Televisa continuar aprovechando el potencial de considerable crecimiento de la Compaa pues seguir siendo el mayor accionista de Televisa-Univision, con una participacin de aproximadamente 45%. It was the right moment, and the right people to do it with.. Televisa will use the proceeds received from Univision primarily to pay down debt, while continuing to pursue growth opportunities and strengthen its leading position through ongoing investments at its core businesses. In addition, Televisa retains the right to appoint two additional directors. Televisa to Merge its Media, Content and Production Assets with Univision in Landmark Transaction - TelevisaUnivision Televisa to Merge its Media, Content and Production Assets with Univision in Landmark Transaction, Creating the Premier Global Spanish-Language Media Company MEXICO CITY (AP) Grupo Televisa, Mexico's largest television network, announced Tuesday it is merging with U.S. Spanish-language broadcaster Univision to form what they called the "definitive global leader in Spanish-language media." The new company will be known as TelevisaUnivision. The new company, TelevisaUnivision, creates the worlds leading Spanish-language media and content company. Con la ms extensa y emblemtica videoteca de contenido en espaol del mundo y acceso al ecosistema tecnolgico internacional de SoftBank, ayudaremos a transformar la nueva empresa en la compaa lder de medios digitales en plataformas mltiples y uno de los ms importantes servicios OTT en el mundo, dijo Marcelo Claure, director general de SoftBank Group International y miembro de la junta de Univision. Despus de la transaccin, la produccin de contenido y las operaciones en Mxico seguirn a cargo de Emilio Azcrraga,presidente ejecutivo del Consejo de Administracin deTelevisa, yde Bernardo Gmez y Alfonso de Angoitia,copresidentes ejecutivos deTelevisa, durante el periodo de transicin para asegurar una integracin fluida y exitosa. Confiamos en que esta transaccin estratgica maximizar el potencial de nuestro segmento de contenidos, al mismo tiempo que nos permitir fortalecer nuestro balance y enfocarnos en oportunidades de crecimiento en nuestro negocio de telecomunicaciones.. color:rgb(46,179,178); As a result of the combination, TelevisaUnivision reaches over 60 per cent of the respective TV audiences in both the US and Mexico. Wade Davis will lead TelevisaUnivision as CEO. LionTree Advisors LLC le provey una opinin de razonabilidad financiera (fairness opinion) al Consejo de Administracin de Televisa. Adems, Televisa cuenta con una participacin que representa aproximadamente el 36% sobre una base de dilucin del capital de Univision Holdings, Inc., la compaa controladora de Univision. Wade Davis, who had been leading Univision since December 2020. The deal borrows from the playbook of Walt Disney Co., which two years ago acquired much of Rupert Murdochs 21st Century Fox entertainment holdings for $71 billion. 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