ViacomCBS Acquiring Latin American Broadcaster Chilevision From AT&T
An incumbent Latin American broadcaster is about to get a new owner, as ViacomCBS (NASDAQ: VIAC) announced Monday it has agreed to acquire Chilevision. The seller is the WarnerMedia unit of AT&T (NYSE: T), and the price was not made public.
As its name implies, Chilevision is a free-to-air TV channel operator headquartered in, and concentrated on, the broadcast market in Chile. According to ViacomCBS, it captured around 24% of overall viewership in the populous South American country last year.
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Source Fool.com
