Grupo Televisa has the announced the acquisition of Sky Mexico from AT&T.
The company has bought the remaining shares in the satellite-internet broadcaster that it didn’t already own. Subject to regulatory approval, Televisa intends to merge Sky Mexico into its cable company Izzy.
This agreement with AT&T was initially announced at the beginning of April.
Televisa already had a majority interest of 58.7%, while the remaining 41.3% was in the hands of AT&T.
Televisa and AT&T became partners in Sky in 2015, when the telco bought the operations of DirecTV for $48.5 billion – then one of the owners of Sky in Mexico –, at a time when American telecommunications companies were looking to acquire assets that would complement their business. At the time, Televisa was already a majority shareholder in Sky Mexico.
