Ares Management buys Boca Raton Apartments for $140M therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Televisa, Univision reach US$4.8 billion deal to merge media
Andrea Navarro, Bloomberg News VIDEO SIGN OUT
Grupo Televisa SAB will sell its content and media assets to Univision Holdings Inc. in a deal valued at US$4.8 billion, deepening ties between the two giants of Spanish-language TV.
Televisa, Mexicoâs top broadcaster, will remain the largest shareholder in the new Televisa-Univision, with an equity stake of about 45 per cent, according to a statement Tuesday. Under the terms of the agreement, Televisa will receive US$3 billion in cash and US$1.5 billion in Univision equity.
Teaming up with Televisa will help bolster Univisionâs push into streaming. Though Univision is the largest provider of Spanish-language TV and radio content in the U.S., it hasnât become as big a force online. Less than 10 per cent of the Spanish-speaking population currently uses a streaming service, compared with 70 per cent in the English-speaking market.
WeWork is finally going public through a SPAC kvia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kvia.com Daily Mail and Mail on Sunday newspapers.
Tech leaders including CEOs of Google, Microsoft congratulate Jeff Bezos, Andy Jassy on new roles
February 03, 2021
Jeff Bezos (File Photo) - REUTERS×
Bezos will be transitioning to a new role of Executive Chair of the Amazon Board this year, making way for Andy Jassy, CEO of Amazon Web Services to take over as the CEO of Amazon
Tech leaders on Wednesday took to Twitter following the announcement of Jeff Bezos stepping down as the Chief Executive Officer of Amazon.
Bezos will be transitioning to a new role of Executive Chair of the Amazon Board in Q3 (July-September) this year, making way for Andy Jassy, CEO of AWS (Amazon Web Services) to take over as the CEO of Amazon.