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    Home » Reuters reveals Mexico’s Televisa offers to combine pay TV unit with Megacable
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    Reuters reveals Mexico’s Televisa offers to combine pay TV unit with Megacable

    AdmincryptBy AdmincryptDecember 13, 2022No Comments1 Min Read
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    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



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