RTTNews | Apr 14, 2021 10:01AM EDT

10:00 Wednesday, April 14, 2021 (RTTNews.com) - Shares of Grupo Televisa S.A.B. (TV) reached a 52-week high of $13.85 Wednesday morning, and are currently trading at $13.00, up $2.88 or 28.46%, with trading volume surging over 9.51 million versus an average volume of 1.53 million shares.

Univision, which has been under new ownership since the end of 2020, has teamed with stakeholder Grupo Televisa to create a new global Spanish-language media giant. As per the terms of the deal, Univision will pay $4.8 billion for the assets of Televisa, a Mexican production powerhouse that already was a minority owner of Univision.

The new company will be known as Televisa-Univision, and Grupo Televisa will be the largest stakeholder in the new company, owning 45%.

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