Money Makers Mentor

ViacomCBS Networks International Agrees to Acquire Chilevisión

On Monday April 5, ViacomCBS Inc. (NASDAQ: VIAC, VIACA) announced that it had agreed to acquire Chilevisión from WarnerMedia. WarnerMedia is a division of AT&T (NYSE: T). ViacomCBS’s existing cash balances will finance the acquisition’s purchase price. Neither company disclosed the transaction’s financial terms. The transaction is subject to customary regulatory approvals and closing conditions.

Acquisition Details and Benefits

ViacomCBS Networks International (VCNI) will increase its presence in Latin America with this transaction. The company will also build its streaming business with a new premium content library and pipeline to strengthen the increasing demand for Spanish language content across platforms including Paramount+ and Pluto TV. Both consumers and partners will b…

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