Televisa Inks Spanish Equity Swap

Televisa Inks Spanish Equity Swap

Mexico Europe M&A

Mexico’s Televisa has agreed to swap its 40.8% participation in Spain’s national broadcaster La Sexta for 14.5% of Spanish media holding company Imagina. The transaction will involve an equity stake swap with no money changing hands, Televisa says. Under the deal, Televisa will have the right to name 2 directors to Imagina’s 12-member board as well as participate with Imagina on joint content production projects. The deal also gives Televisa certain rights of first refusal to buy content and tra

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