Univision Seeks Foreign-Ownership Mod for SoftBank, Liberty
Univision wants the FCC to modify a declaratory ruling to allow the company to be foreign owned in excess of 25% so SoftBank and Liberty Global Ventures can own voting interests of more than 5% in Univision, said an undocketed…
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petition posted Thursday. “Anticipated investments in Univision by SoftBank and a conversion of Liberty Ventures’ investment to voting status have prompted the filing of the instant Petition,” it said. “Approval of these proposed investments in Univision will serve the public interest by allowing the company to raise additional capital.” Softbank invested $1 billion in Univision’s proposed purchase of content assets from Grupo Televisa (see 2104140067).