Televisa to buy 50% stake in AT&T México for $2 billion
TV•Televisa agreed to acquire 50% of AT&T México in a buyer group with Fintech Mercury, which will hold the other 50%. The group will acquire 100% of the business for $2 billion, subject to adjustments.
1. Deal terms
The buyer group plans to make the acquisition through an investment and management trust, with governance set in a shareholders’ agreement at closing. It expects up to $1.4 billion of secured debt financing, including a $1.2 billion term loan. Closing requires regulatory approvals, including antitrust clearance, but is not conditional on obtaining financing.
