ViacomCBS to acquire Chilevision from WarnerMedia.

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.