Televisa eyes Megacable merger
Mexican broadcaster Grupo Televisa is offering to merge its cable and broadband unit Izzi with smaller rival Megacable, according to Reuters. A stock-for-stock deal would result in Megacable’s shareholders owning about 45 per cent of the merged company with Televisa at about 55 per cent. Televisa would also offer Megacable shareholders a 14.8 billion peso […]