Televisa to acquire 14.5 percent of Spain's Imagina

14th December 2011, Comments 0 comments

Mexican media giant Televisa has agreed to acquire 14.5 percent of Imagina, the main content and services provider for Spain's media and entertainment industry, a statement said Wednesday.

Televisa said it would swap its 40.8 percent stake in La Sexta, a Spanish TV broadcaster, for 14.5 percent of Imagina, with no monetary exchange.

The deal would also grant Televisa -- the largest media company in the Spanish-speaking world -- transmission rights for sport events in certain territories and the right to name two directors of Imagina's 12-member board.

Imagina sells the rights of the Spanish Soccer League worldwide and is involved in production, post production, technical and advisory services, operating in nine countries including Spain.

© 2011 AFP

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