Business & Finance
13 December 2022, 6:11 pm. 1 minute
Reuters exclusively reported that Mexican broadcaster Grupo Televisa is offering to merge its cable and broadband unit Izzi with smaller rival Megacable. Megacable has not yet accepted the deal, but after Reuters revealed the news Megacable shares surged 14.8% , while shares of Televisa – Mexico’s largest broadcaster – also rallied 10.75% in morning trade. The offer comes after a series of spinoffs by major Mexican companies to revive depressed stock prices.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Countries: Mexico
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story