tiprankstipranks
Televisa Expands Ownership in Sky Mexico
Company Announcements

Televisa Expands Ownership in Sky Mexico

Grupo Televisa, S.A.B. (TV) has released an update.

Grupo Televisa, S.A.B. has announced the acquisition of AT&T’s stake in Sky Mexico, aiming to own 100% of the satellite TV provider, with payment scheduled for 2027 and 2028 pending regulatory approvals. Additionally, there’s a leadership change with Francisco Valim taking over as CEO of Sky Mexico while continuing as CEO of Televisa’s Cable segment, tasked with driving synergies and efficiencies. The company acknowledges outgoing CEO Luis Malvido’s contributions and looks forward to strengthening Televisa’s market and financial standing.

For further insights into TV stock, check out TipRanks’ Stock Analysis page.

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles