BUZZ-Televisa shares rise after the company reaches a deal to acquire AT&T Mexico business unit

October 14 - ** Shares of Mexico’s Televisa Group (TLEVISACPO.MX) surged on Wednesday after the company announced it would acquire AT&T’s Mexican subsidiary (link) for $2 billion in cash.

** Analysts at GBM said they found the deal’s valuation very attractive as “the deal is expected to generate significant synergies.”

** Televisa Group, which operates the country’s largest television network, saw its share price rise 6.8% after earlier jumping as much as 7.4%, before slightly paring gains.

** Today’s gains added 1.7 billion pesos ($91.69 million) to the company’s market capitalization.

** Televisa stock was removed from Mexico’s main stock index .MXX in September this year.

** The acquisition of the AT&T subsidiary will be conducted jointly with Fintech Holdings, a private investment and holding company owned by Mexican billionaire David Martinez.

(1 USD = 18.5410 Mexican pesos)

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