Univision Communications, an American media company, completed the acquisition of the content and media assets of Televisa, a Mexican multimedia mass media company, for $4.8bn. The acquisition was backed by an investment from SoftBank Latin American Fund, ForgeLight, Google and The Raine Group. "This transformative combination brings together the leading network serving US Spanish-language audiences with the leading media platform in Mexico powered by the most powerful Spanish-language content engine in the world. Televisa-Univision will emerge as the leading global Spanish-language multi-media company, uniquely positioned to capture the significant market opportunity for Spanish speakers worldwide," Wade Davis, Univision CEO.