Tuesday, October 5, 2010

Grupo Televisa to invest $1.2 billion in Univision - latimes.com

Grupo Televisa to invest $1.2 billion in Univision - latimes.com

NEW YORK — Mexico's Grupo Televisa SAB said Tuesday it will invest $1.2 billion in New York-based Univision Communications in exchange for a minority stake, expanding cooperation between the Spanish-language media heavyweights.

The deal brings an end to long-standing legal disputes between the companies, recently over privately held Univision's rights to distribute Televisa's programs online and to phones. It also helps Televisa strengthen its foothold in the U.S., an important market as the company works to widen its reach beyond Mexico.

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