The operation, announced a month ago, was completed on Tuesday.
ViacomCBS announced on Tuesday that ViacomCBS Networks International (VCNI) has closed the acquisition of the majority stake in Fox TeleColombia & Estudios TeleMéxico from The Walt Disney Company.
The deal had been announced just under a month ago.
With the operation now closed, Fox TeleColombia & Estudios TeleMéxico will now operate under ViacomCBS International Studios (VIS).
Samuel Duque Duque will direct the business although both production companies will be under the responsibility of Juan “JC” Acosta, president of ViacomCBS International Studios and Networks Americas.
“Fox TeleColombia & Estudios TeleMéxico will strengthen ViacomCBS’s Hispanic content production capabilities and expand ViacomCBS International Studios to capitalize on the significant demand for content on its global streaming platforms, Paramount+ and Pluto TV, as well as on its linear channels in all over the world”, they highlighted from ViacomCBS.
Terms of the transaction were not disclosed.