Weekly Report - 08 August 2013 (WR-13-31)

MEXICO | Televisa acquisition. Mexican TV broadcaster, Grupo Televisa, Latin America’s largest media company, has announced a M$7bn (US$546m) agreement to gain a majority stake in pay TV, data and telephony services provider, Cablecom. Televisa explained that it had reached an agreement to obtain a 95% stake in holding firm, Tenedora Ares, which owns a controlling 51% stake in Cablecom. As part of the deal, Ares would then seek to purchase the remaining 49% stake in Cablecom.

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