Grupo Televisa and Univision Holdings announced that both companies have completed their merger process to become TelevisaUnivision. The new company highlighted that it will be able to offer audiovisual content in Spanish for 100 million Spanish-speakers.
It’s a statementTelevisa indicated that the merger forms the largest library of content in Spanish in the world, with 300,000 hours of programming and various products, from newscasts, soap operas and broadcast rights to sporting events.
The merger into TelevisaUnivision incorporates, on behalf of Televisa, four public television channels, 27 private channels, a movie studio and the streaming platform Blim TV. Univision includes the Univision and UniMás networks, new cable television channels, 59 television stations, 57 radio stations in the main Hispanic markets in the United States, and the PrendeTV platform.
“We are combining two iconic and market-leading companies that have a great shared history and an incredible portfolio of assets. This combination will create a business unlike any other on the global media scene,” Wade Davis, CEO of TelevisaUnivision, said in a statement.
The new company estimates that with its assets it will reach 60 percent of television audiences in Mexico and the United States.
The merger of both companies was announced in April 2021. Televisa will be the majority shareholder, with a 45 percent stake. TelevisaUnivision’s shareholders also include companies such as Google and the Japanese investment bank Softbank.
Through the merger of its assets, Grupo Televisa, the most important media company in Mexico, received $4.8 billion dollars, of which $3 billion were transferred in cash; the rest was in shares.