Televisa breaks out gaming and football businesses into new listed entity
May 5 – Mexican entertainment giant Grupo Televisa is spinning off its betting and football interests into a new business entity that will be separated from its traditional broadcast business.
Televisa’s business interests have grown beyond TV and now include gaming and lottery platforms alongside its portfolio of football interests that the iconic Estadio Azteca in Mexico City as well as publishing, magazine publications, and a media rights distribution team.
Televisa shareholders approved the decision to split off the assets which will be rehoused in a newy company that will be listed on the Mexican Stock Exchange (BMV) with a projected timeline to complete this in the first half of 2023.
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