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    TLEVISA CPO   MXP4987V1378

GRUPO TELEVISA, S.A.B.

(TLEVISA CPO)
  Report
End-of-day quote. End-of-day quote Mexican Stock Exchange - 10/25
44.5 MXN   -3.03%
10/22GRUPO TELEVISA : Q3 Earnings Snapshot
AQ
10/21GRUPO TELEVISA B : Third - Quarter 2021 Results
PU
10/21GRUPO TELEVISA B : Mexican soap-opera factory Televisa profit falls 77%, but ads rebound
RE
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Mexican telecoms regulator approves Univision, Televisa content tie-up

09/14/2021 | 11:38am EDT

MEXICO CITY, Sept 14 (Reuters) - Mexico's telecommunications regulator IFT said on Tuesday it had authorized the plan for U.S.-based Spanish-language broadcaster Univision to acquire the content business of Mexico's Grupo Televisa in a deal to create a new company.

The two companies in April announced a plan to create a new firm called Televisa-Univision https://www.reuters.com/business/media-telecom/mexicos-televisa-says-merge-content-with-univision-new-media-company-2021-04-13, which will feature Spanish-language video content from both broadcasters, including soap operas known as telenovelas, sports and movies.

The IFT said in a statement its analysis did not find anti-competitive effects.

"No anti-competitive effects derived from the transaction are expected in these coinciding activities of Univision Holdings and Grupo Televisa, largely due to the marginal participation of Univision Holdings in Mexico," the IFT said.

The transaction, partially financed by a $1 billion Series C preferred investment led by the SoftBank Latin American Fund, with participation from ForgeLight, Google and The Raine Group, is expected to close this year.

The deal is subject to regulatory approvals in the United States and Mexico, as well as Televisa shareholder approval.

A spokesperson for Televisa and a media representative for Univision both declined to comment.

Televisa-Univision is planning to launch a global streaming platform to serve Spanish speakers, which will take on established rivals including Netflix Inc and Disney Plus.

The streaming service will first launch in the United States and Mexico before expanding elsewhere in Latin America and Europe https://www.reuters.com/business/media-telecom/televisa-univision-venture-aims-global-spanish-streaming-service-2021-04-14, company officials said.

Televisa has previously said it will hold a 45% equity stake in Televisa-Univision. It will also continue to own and operate izzi Telecom, Sky Mexico, and other businesses, as well as its main real estate production facilities, the broadcasting licenses and transmission infrastructure in Mexico. (Reporting by Cassandra Garrison Editing by Alistair Bell and Mark Potter)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.09% 2748.94 Delayed Quote.56.85%
GRUPO TELEVISA, S.A.B. -3.03% 44.5 End-of-day quote.35.92%
NETFLIX, INC. 1.03% 671.66 Delayed Quote.24.21%
SOFTBANK GROUP CORP. -3.37% 6387 End-of-day quote.-20.74%
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Analyst Recommendations on GRUPO TELEVISA, S.A.B.
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Financials
Sales 2021 103 B 5 094 M 5 094 M
Net income 2021 5 520 M 273 M 273 M
Net Debt 2021 93 215 M 4 612 M 4 612 M
P/E ratio 2021 26,3x
Yield 2021 0,81%
Capitalization 124 B 6 161 M 6 157 M
EV / Sales 2021 2,11x
EV / Sales 2022 2,06x
Nbr of Employees 43 636
Free-Float 19,1%
Chart GRUPO TELEVISA, S.A.B.
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Grupo Televisa, S.A.B. Technical Analysis Chart | MarketScreener
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Technical analysis trends GRUPO TELEVISA, S.A.B.
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 44,50 MXN
Average target price 56,40 MXN
Spread / Average Target 26,7%
EPS Revisions
Managers and Directors
Bernardo Gómez Martínez Co-Chief Executive Officer, Director & EVP
Alfonso de Angoitia Noriega Co-Chief Executive Officer & Director
Carlos Phillips Chief Financial Officer
Emilio Fernando Azcárraga Jean Executive Chairman
José Antonio Lara del Olmo Vice President-Administration
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