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September 19, 2000 | Bloomberg News
Grupo Televisa, Mexico's largest broadcaster, agreed to buy a 27.8% stake in Mexican radio company Grupo Acir Communicaciones for $101 million and plans to merge it with Televisa's radio unit. Televisa will have a 50.01% controlling stake in the new company, called Grupo Acir-Radiopolis, and shareholders of Acir will own the rest. The new radio group will be the biggest in Mexico, with 116 radio stations that reach most of Mexico.
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BUSINESS
September 19, 2000 | Bloomberg News
Grupo Televisa, Mexico's largest broadcaster, agreed to buy a 27.8% stake in Mexican radio company Grupo Acir Communicaciones for $101 million and plans to merge it with Televisa's radio unit. Televisa will have a 50.01% controlling stake in the new company, called Grupo Acir-Radiopolis, and shareholders of Acir will own the rest. The new radio group will be the biggest in Mexico, with 116 radio stations that reach most of Mexico.
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