TV - Televisa to merge media content production assets with Univision

Mexico's Grupo Televisa (TV) +6.7% post-market after agreeing to merge its media, content and production assets with U.S.-based Univision, creating a new Spanish-language media company with plans to launch a global streaming platform.Televisa, which will be the single largest shareholder in the new company to be called TelevisaUnivision, will contribute its content assets for a total value of $4.8B.Univision will pay $3B in cash, $750M in Univision common equity and $750M in Series B preferred equity, with an annual dividend of 5.5%.The deal will be financed through $2.1B of debt commitments arranged by J.P. Morgan and a $1B Series C preferred investment led by the SoftBank Latin American Fund, with participation from current Univision investor ForgeLight, Google and The Raine Group.Searchlight Capital Partners and ForgeLight completed a majority stake purchase of Univision late last year.

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Televisa to merge media, content, production assets with Univision