Both firms have been struggling to capture a share of the booming over-the-top (OTT) video services sector. It will be managed by Univision Chief Executive Wade Davis, a former top Viacom executive who put together the investor group that purchased Univision late last year from a consortium of U.S. private equity firms. The merger is expected to close in 2021, pending regulatory approval, and the combined company plans to launch a global streaming platform in early 2022. margin-bottom: 20px; NEW YORK & MEXICO CITY Grupo Televisa, S.A.B and Univision Holdings II, Inc. have announced they've completed their $4.8 billion merger, creating a new company, TelevisaUnivision, Inc., that will reach over 100 million Spanish-language speakers every day on TV, digital and audio. La junta directiva de Televisa y la de Univision ya han aprobado la combinacin. In-depth profiles and analysis for 20,000 public companies. La entidad combinada tendr el contenido, la capacidad de produccin, la propiedad intelectual, el alcance mundial y los recursos financieros para aprovechar dinmicamente las oportunidades de streaming en espaol a nivel internacional, que es relativamente nuevo. margin-top: 10px; Televisa will be the largest shareholder in Televisa-Univision, with a 45% equity stake, but Univision CEO Wade Davis will lead the combined company. CBS News Reports: "It's an entirely new type of weapon." At the same time, it reinforces the strength of the traditional media assets of both companies.. Televisa-Univision will emerge as the leading global Spanish-language multi-media company, uniquely positioned to capture the significant market opportunity for Spanish speakers worldwide, says Davis, who has been bullish about Univision since before taking over the company last year. This combination will create a business without comparison in the global media landscape. In the United States, Televisas audiovisual content is distributed through Univision Communications Inc. (Univision), a leading media company serving the Hispanic market. The combined company, which will be based in the U.S., is expected to produce revenue of about $4 billion a year and $1.6 billion in earnings before interest, taxes, depreciation and amortization, De Angoitia said. Do Not Sell or Share My Personal Information, investor group that purchased Univision late last year, Spanish-language media giant Univision sold as challenges loom. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Wade Davis, who had been leading Univision since December 2020. (Televisa), y Univision Holdings, Inc. (junto con su subsidiaria de propiedad absoluta, Univision Communications Inc., Univision), anunciaron hoy un acuerdo definitivo en que el contenido y los activos mediticos de Televisa se combinarn con Univision para crear la mayor empresa de medios de comunicacin en espaol del mundo: Televisa-Univision (la Compaa). The New York Times Reports: "No existing defense can stop it." Pillsbury Winthrop Shaw Pittman LLP se desempea como asesor en regulacin. The companys top-rated media portfolio includes the Univision and UniMs broadcast networks, as well as 10 cable networks including Galavisin and TUDN, the No. Its management team will be in charge. Real-time analyst ratings, insider transactions, earnings data, and more. Entre los inversionistas de ForgeLight estn un grupo de instituciones y socios estratgicos de primera categora. It's a done deal. Televisa-Univision when the transaction closes. Univisions portfolio of television networks, consisting of Univision, UniMs, Galavision and TUDN, delivered 62 per cent of the primetime viewing on Spanish-language television in the US among adults 18-49, up from 58 per cent compared to 2020, and marked the highest audience share since 2014. 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%. By combining the assets that the respective companies have the rights profile, the libraries and the [intellectual property] in the two largest Spanish-speaking markets in the world you really have something incredibly special, Davis said. 2023 The Hollywood Reporter, LLC. Click the link below to learn when Elon Musk will let these companies finally IPO. It will also maintain the Mexican government-issued broadcasting licenses and its transmission infrastructure in Mexico. The new firm will have about 13,000 employees and will continue to rely heavily on its production facilities in Mexico City. All Rights Reserved. GOOG Televisa-Univision will emerge as the leading global Spanish-language multi-media company, uniquely positioned to capture the significant market opportunity for Spanish speakers worldwide., Davis continued, The composition of our new investor group reflects confidence in our strategy, the progress of our digital transformation and the magnitude of the opportunity ahead of us. The Spanish-language market, which represents around 600 million people globally, and an aggregate GDP of about $7 trillion, is significantly underserved from a streaming perspective relative to other major markets. Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to The Raine Group. Univision, Televisa complete merger. 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. Despus de la transaccin, Televisa continuar el desarrollo y la expansin de sus actividades de telecomunicaciones en Mxico, que son lderes en el sector, con el mejor acceso de alta velocidad al internet y programacin de alta calidad como agregador de contenido. American Consumer News, LLC dba MarketBeat 2010-2023. } Televisa distributes the content it produces through several broadcast channels in Mexico and in over 70 countries through 25 pay-tv brands, television networks, cable operators and over-the-top or O.T.T. services. ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and consumer technology sectors. Alfonso de Angoitia will serve as Executive Chairman of the TelevisaUnivision Board. 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., The combination of content assets from Televisa and Univision, the two leading media companies from the two largest Spanish-speaking markets in the world, has created a company with tremendous potential, added Alfonso de Angoitia, Executive Chairman of the TelevisaUnivision Board of Directors. 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The transaction is expected to close in 2021, subject to customary closing conditions, including receipt of regulatory approvals in the United States and Mexico, and Televisa shareholder approval. line-height:1.5; By tapping into Televisas vast content vault, along with the new Spanish-language originals in development and a wide range of collaborations with some of the most notable established and up-and-coming creators today, this offering will be the worlds first large-scale streaming service specifically developed for the Spanish-speaking audience. 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. It was the right moment, and the right people to do it with.. } 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. Mexico-based Grupo Televisa and Univision have closed their $4.8 billion merger, uniting their vast Spanish-language media and production holdings in the U.S. and Mexico. 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. Participants include: Televisa Co-CEO Alfonso de Angoitia and Univision CEO Wade Davis. The historic merger represents a dramatic retrenchment for media scion Emilio Azcrraga Jean, whose family has long been among Mexico's powerbrokers because of its ownership of Televisa and its. Plans for a global streaming service are moving full steam ahead,with a livestream "unveiling" of the platform scheduled for February 16, 2022. 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. En 2020, Televisa produjo ms de 86,000 horas de contenido en todo gnero y categora, entre ellos deportes y eventos especiales, dramas, noticieros, comedias de situacin, programas tipo reality, infantiles, de concurso y variedades, comedias, eventos musicales y culturales, pelculas y programacin educativa. As a part of the agreement, Televisa will continue to hold on to its approximately 45% equity stake in the company and 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. The new company, TelevisaUnivision, creates the worlds leading Spanish-language media and content company. font-size: 34px; Televisa tambin tiene intereses en la publicacin y distribucin de revistas, deportes profesionales, entretenimiento en vivo, produccin y distribucin de pelculas, y juegos y sorteos. The teleconference will be rebroadcast starting at 12:00 p.m. CDT on April 14 and will end at 11:00 p.m. on April 28. 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 5.5%. The Board of Directors of both Televisa and Univision have already approved the combination. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The companies have strategically assembled a senior management team of world-class leaders for the global operation, combining great professionals from Televisa and Univision, as well as bringing in top talent from leading media and technology companies. Televisa transmitted eight out of the 10 soccer matches with the highest audiences in Mexico during 2021. News content production for Mexico will be outsourced from a company owned by The Azcrraga family to guarantee that news content remains in Mexican hands and is produced in Mexico. The power and scope of these content assets are unmatched. Abans de l'inici de la temporada de la NFL, mitjans de comunicaci de tot el pas The Companys Board will have 13 directors, including five appointed by Televisa, three by Searchlight and ForgeLight, two by the Series C shareholders and three independent directors. 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. View 461,600 Shares in Canoo Inc. (NYSE:GOEV) Bought by Axa S.A. The combined financial strength will allow the Company to invest in the anticipated launch of its global streaming platform, which is expected in early 2022. The network identities and names will not change. Para mayor informacin, visiten corporate.univision.com/newco. 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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. Para ms informacin, visiten www.raine.com. Univision Network will continue to exist, owned by Televisa-Univision. Univision and Televisa announced their merger plans last April, and the goal of launching a global streaming service shortly thereafter. Televisa will also contribute its four free-to-air channels, 27 pay-TV networks channels and stations, its Videocine movie studio and Blim TV subscription video on demand (SVOD) service; and the Televisa trademark. Como resultado, la tasa neta de endeudamiento de Televisa disminuir a menos de 2.0x y sus activos y pasivos en dlares estadounidenses sern equivalentes. Under terms of the sweeping . 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 Televisas media content and production assets and Univision. The Companys new investors include SoftBank Latin America Fund, Google and The Raine Group. View which stocks are hot on social media with MarketBeat's trending stocks report. With a global reach, Raine focuses on investment and advisory opportunities where its deep industry experience and unique network of strategic relationships can create value for portfolio companies and clients. Learn more. Univision broadcasts Televisas audiovisual content through multiple platforms in exchange for a royalty payment. The deal will be financed through $1.0 billion of new Series C preferred equity investment led by the SoftBank Latin American Fund, along with current Univision investor ForgeLight LLC, with participation from Google Guggenheim Securities and J.P. Morgan are acting as financial advisors to Univision; and Paul, Weiss, Rifkind, Wharton & Garrison LLP; Sidley Austin LLP and Covington & Burling LLP are serving as legal counsel to Univision. 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. Thedeal is expected to close some time in 2021, subject to regulatory approvals in the United States and Mexico, and Televisa shareholder approval. 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. Allen & Company LLC se desempea como asesor financiero de Televisa. Como la empresa lder de contenido y medios en espaol en Estados Unidos, Univision Communications Inc. los entretiene, informa y empodera con contenido de noticias, deportes y entretenimiento en televisin de seal abierta y cable, adems de audio y plataformas digitales. Is Stellantis Stock a Value Investors Dream? Univision and Mexico's Televisatwo of the biggest Spanish-language media companies in North Americaannounced the completion of their landmark $4.8 billion merger on Monday. border-bottom: 1px solid #ddd; La junta de la Compaa contar con 13 miembros: cinco nombrados por Televisa, tres por Searchlight y ForgeLight, dos por los propietarios de las acciones de la serie C y tres independientes. "Televisa-Univision will emerge as the leading global Spanish-language multi-media company, uniquely positioned to capture the significant market opportunity for Spanish speakers worldwide,". The pact provided Univision access to inexpensive shows from Mexico, giving the company little incentive to create its own scripted programming. And one small company is building them for the Pentagon! L to R: Alfonso de Angoitia and Wade Davis. Televisa posee una participacin mayoritaria en Sky, un sistema lder de televisin de paga directa al hogar va satlite y proveedor de banda ancha que opera en Mxico, la Repblica Dominicana y Centroamrica. If you continue to use this site we will assume that you are happy with it. Televisa said Tuesday it will contribute its estimated 86,000 hours of annual content production; the combined conglomerate will feature Televisas four free-to-air channels, 27 pay-TV networks channels and subscription video service. } The TelevisaUnivision Board will also comprise Emilio Azcrraga, Bernardo Gmez, Michel Combes, Gisel Ruiz, Oscar Muoz, Maria Cristina MC Gonzalez Noguera, Eric Zinterhofer and Jeff Sine. 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