TelevisaUnivision Buying Streaming Service Pantaya

The purchase from Hemisphere Media Group brings together complementary streaming assets, building upon TelevisaUnivision’s investments in and launch of a global streaming service amid the company’s ongoing digital transformation.

Univision Lures Competing Suitors

Several firms have expressed interest in acquiring Univision Communications, according to people familiar with the matter, a deal that would give the Spanish-language broadcaster’s private-equity owners a long-sought exit. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis are among those that have made overtures.

Foreign Ownership Request Again Before FCC

Hemisphere Media Group is looking to operate Spanish-language stations in the U.S. It seeks permission for foreign ownership to go as high as 49.99%. Comments are due on or before Aug.29; replies are due Sept. 13.