You will be redirected back to your article in seconds

Perenchio completes Univision buy

Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million.

Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group.

As reported, the sale includes nine full-power TV stations, four low-power TV stations and two TV translator stations.

Perenchio Television is an investor group led by A. Jerrold Perenchio, who owns 75% of the group, and in which Grupo Televisa of Mexico and Venevision of Venezuela both hold 12.5% stakes.

Univision is the largest Spanish-language media and marketing services company in the U.S.

Perenchio financed the acquisition through a combination of equity, debt and bank financing. Part of the borrowings included a $ 140 million private placement of senior subordinated notes managed by Bear Stearns and Donaldson, Lufkin and Jenrette.

More Biz

  • Stranger Things Season 2

    Netflix Plans to Raise Another $1.5 Billion in Debt Financing for Original Content

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

  • Harvey Weinstein ousted

    Weinstein Co. Adds Board Member to Navigate Bankruptcy Sale

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

  • Allison Mack

    'Smallville' Actress Allison Mack Arrested in Sex Cult Case

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

  • Harvey Weinstein

    Harvey Weinstein Still Seeking His Emails to Combat Sexual Assault Claims

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

  • Ken Ziffren and Claudia EllerVariety Power

    Attorney Ken Ziffren Offers Sobering Take on Film Business at Variety's Power of Law Breakfast

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

  • ynon-kreiz

    Media Exec Ynon Kreiz Named CEO of Mattel

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

  • courtney braun

    Courtney Braun Named Head of Legal Affairs for Endeavor

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

More From Our Brands

Access exclusive content