Mexican telecoms regulator approves Univision, Televisa content tie-up

MEXICO CITY: Mexico’s telecommunications regulator IFT said on Tuesday it had authorized the plan for U.S.-based Spanish-language broadcaster Univision to acquire the content business of Mexico’s Grupo Televisa in a deal to create a new company.

The two companies in April announced a plan to create a new firm called Televisa-Univision, which will feature Spanish-language video content from both broadcasters, including soap operas known as telenovelas, sports and movies.