January 4, 2017 / 2:16 PM / 9 months ago

Televisa says FCC approves higher Univision stake threshold

The logo of broadcaster Televisa is seen outside its headquarters in Mexico City, Mexico December 14, 2016. REUTERS/Henry Romero

MEXICO CITY (Reuters) - Mexican broadcaster Televisa said on Wednesday the U.S. Federal Communications Commission (FCC) had given approval for Televisa to own up to 40 percent of U.S. Spanish-language peer Univision’s voting stock and up to 49 percent of its common shares.

The decision came as the FCC approved a move to raise the total number of shares in Univision that can be held by foreign investors to 49 percent from 25 percent, Televisa, Mexico’s dominant broadcaster, said in a statement.

Reporting by Veronica Gomez

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