Overview
- Bernardo Gómez Martínez and Alfonso de Angoitia Noriega agreed to acquire 26,332,332,804 Series A shares in equal parts from Emilio Azcárraga Jean for about 1,926 million pesos (approximately 108 million dollars).
- An SEC filing specifies the buyers will exercise all voting rights tied to the acquired shares, including the ability to appoint, remove or ratify members of the Board of Directors.
- Televisa reported the deal to the Mexican Stock Exchange and the U.S. SEC, and said completion remains subject to customary conditions and clearance by the Comisión Nacional Antimonopolio.
- Post-transaction, Azcárraga’s direct stake falls to roughly a quarter of Televisa’s Series A shares while Gómez and de Angoitia each become minority holders; Azcárraga remains a leading shareholder.
- The move follows Azcárraga increasing his stake in sports arm Ollamani and Ollamani’s sale of 49% of Club América and Estadio Banorte to General Atlantic in a deal valued around 490 million dollars.