Grupo Televisa, S.A.B. (NYSE:TV) acquired Cablevisión Red S.A. de C.V. for approximately MXN 10.2 billion.
January 08, 2015 at 09:30 am IST
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Grupo Televisa, S.A.B. (NYSE:TV) acquired Cablevisión Red S.A. de C.V. for approximately MXN 10.2 billion on January 8, 2015. As a part of the consideration, Grupo Televisa will pay MXN 3 billion for Cablevisión Red and will assume around MXN 7.2 billion in debt and other liabilities. The acquisition will be funded from the sale of Grupo Iusacell, S.A. de C.V. Grupo Financiero Barclays Mexico, S.A. de C.V. acted as financial advisor to Cablevisión Red S.A. de C.V.
Grupo Televisa, S.A.B. (NYSE:TV) completed the acquisition of Cablevisión Red S.A. de C.V. on January 8, 2015.
Grupo Televisa, S.A.B. is a media company, cable operator in Mexico and an operator of a direct-to-home (DTH) satellite pay television system in Mexico. The Company operates through four segments: Content, Sky, Cable and Other Businesses. The Content segment includes Advertising, Network Subscription, and Licensing and Syndication. The Sky segment includes DTH broadcast satellite pay television services in Mexico, Central America and the Dominican Republic. The Cable segment includes the operation of a cable multiple system in the Mexico City metropolitan area; the operation of telecommunication, and the operation of a cable multiple system. The Other Businesses segment includes its domestic operations in sports and show business promotion, soccer, feature film production and distribution, gaming, radio, publishing and publishing distribution. The Company distributes the content it produces through various broadcast channels in Mexico and in approximately 50 other countries.
GRUPO TELEVISA, S.A.B. 
