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Mexico's Grupo Televisa (TV) will pay $130M for a 5% stake in rival U.S. broadcaster Univision,...

Mexico's Grupo Televisa (TV) will pay $130M for a 5% stake in rival U.S. broadcaster Univision, and $1.07B in convertible debt equivalent to 30% of Univision shares, with the option to acquire another 5% of Univision in three years. The two also extended their programming agreement to 2020 from 2017.
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