AT&T sells Chilevisión to ViacomCBS Networks International
AT&T has agreed to sell WarnerMedia’s Chilevisión, a Spanish-language programmer, to ViacomCBS Networks International. | AT&T has agreed to sell WarnerMedia’s Chilevisión, a Spanish-language programmer, to ViacomCBS Networks International.
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AT&T has agreed to sell WarnerMedia’s Chilevisión, a Spanish-language programmer, to ViacomCBS Networks International.
Financial terms for the deal were not disclosed but ViacomCBS said the purchase price of the acquisition will be financed by its existing cash balances. The companies did not provide an anticipated closing date for the transaction.
VCNI said the deal will expand its footprint in Latin America and add to its streaming business with a library – which includes sports, entertainment and news – and pipeline of Spanish-language content for Paramount+ and Pluto TV. The company also said the deal will “strengthen and expand its presence in the Southern Cone of Latin America by creating an aligned commercial, content and distribution strategy.”