Grupo Televisa, S.A.B. completed the Spin-Off of Some businesses of Grupo Televisa, S.A.B.
February 19, 2024
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The board of Grupo Televisa, S.A.B. (BMV:TLEVISA CPO) approved to spin-off Some businesses on October 27, 2022. As per the record date of February 19, 2024, shareholders will receive 1 share of Ollamani for every 20 shares held in Grupo Televisa, S.A.B. The spin-off businesses includes its futbol operations, the Estadio Azteca, the gaming and sports operations, and publishing and distribution of magazines, as well as certain related assets and real estate. The spin-off business controlling entity will be listed on Mexican Stock Exchange and that would have the same shareholding structure of Televisa. The transaction is approved by the board of Grupo Televisa and subject to several conditions, including compliance with applicable law, as well as obtaining all required corporate and regulatory authorizations, and the approval of the spin-off by Grupo Televisa's shareholders meeting. As of April 26, 2023, Grupo Televisa conducted a Extraordinary General Stockholders' Meeting and shareholders has approved the transaction. The transaction is expected to complete in the first half of next year. As of January 26, 2024, a spin off company will be constituted to be named Ollamani, S.A.B. The transaction is expected to close on February 20, 2024.
The board of Grupo Televisa, S.A.B. (BMV:TLEVISA CPO) completed the spin-off of Some businesses on February 20, 2024.
Grupo Televisa, S.A.B. is a media company, cable operator in Mexico and an operator of a direct-to-home (DTH) satellite pay television system in Mexico. The Company operates through four segments: Content, Sky, Cable and Other Businesses. The Content segment includes Advertising, Network Subscription, and Licensing and Syndication. The Sky segment includes DTH broadcast satellite pay television services in Mexico, Central America and the Dominican Republic. The Cable segment includes the operation of a cable multiple system in the Mexico City metropolitan area; the operation of telecommunication, and the operation of a cable multiple system. The Other Businesses segment includes its domestic operations in sports and show business promotion, soccer, feature film production and distribution, gaming, radio, publishing and publishing distribution. The Company distributes the content it produces through various broadcast channels in Mexico and in approximately 50 other countries.