Univision Wants Foreign Ownership Declaratory Ruling
Univision and Grupo Televisa want the FCC to issue a declaratory ruling authorizing up to 49 percent foreign ownership of Univision, said a petition released Thursday. The petition is connected with a plan for Univision to hold an initial public…
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offering of its common stock. “Grant of the relief requested would enable Univision to accommodate increased foreign investment that may result from public participation in the IPO,” and “accommodate additional investment by Televisa, a Mexican company that is an existing investor in, and business partner of, Univision,” the petition said. Foreign investors now own 15.6 percent of Univision, but after the IPO, “it will be difficult and may be legally impossible for Univision to determine the citizenship of all of its shareholders,” the petition said.