Announced
Financials
Sources
Tags
Friendly
Single Bidder
Private
Radio and TV Broadcasters
Pending
Acquisition
Cross Border
television channel
Chile
television network
Majority
Synopsis
ViacomCBS Networks International, an international division of ViacomCBS, agreed to acquire Chilevision, a television network, from WarnerMedia, a multinational mass media and entertainment conglomerate. The transaction is subject to customary regulatory approvals and closing conditions. Financial terms were not disclosed. “Latin America is one of the world’s fastest-growing streaming markets, and Chilevisión will be a key driver of our accelerated streaming strategy in the region. Chilevisión is an extraordinary addition to our existing business in Latin America and will fortify ViacomCBS’s position as a premier Spanish language content producer,” Raffaele Annecchino, ViacomCBS Networks International President and CEO.
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