Site icon Media Moves

Spanish broadcaster invests in Caribevisión

Gestevisión Telecinco S.A. has obtained a 28.3 percent equity stake in Caribevisión for $32 million. The deal calls for the Madrid-based company to hold 34.2 percent control of “Pegaso TV,” a group led by Mexican television entrepreneur Alejandro Burillo that owns 83 percent of Caribevisión. A second group led by Carlos Barba will own 17 percent of Caribevisión.

Exit mobile version