Sidley represented Spanish-language media company Univision Communications and its parent company, Univision Holdings, Inc. (together, “Univision”), in connection with Univision’s acquisition of the content and media business of Televisa. Sidley represented Univision in obtaining new financing commitments for approximately US$2.1 billion of debt financing for the transaction, which will be used to fund a portion of the cash purchase price, and advised Univision regarding the financing-related matters under the transaction agreement.
Univision’s acquisition of Televisa creates Televisa-Univision, a Spanish-language media company with the content and production capabilities to enable the company to pursue launching a Spanish-language focused global streaming service as well as continuing to produce content for television, digital, and streaming platforms.
The deal team was led by Kelly Dybala (Global Finance), David Ni (Capital Markets), and Johnny Skumpija (Capital Markets), and included Adam Nelson (Global Finance) and John Stribling (Capital Markets).
