The U.S. group Time Warner would have closed the purchase of the Chilean Chilevisión television channel, controlled by President Sebastián Piñera, local press reports today.
According to local newspaper El Mercurio, Time Warner would be willing to “pay between 140 and 150 million dollars for control” for Chilevisión.
Asked about the operation late on Monday by TV channel CNN en Español, Pinera said he hoped “this information is confirmed very soon.”
“It is in the hands of a financial institution, and I’m waiting for this news with the same anxiety, the same enthusiasm that you,” Piñera said.
Time Warner operates channels such as CNN, HBO, Cinemax, Turner Classic Movies, TNT and Cartoon Network.
The Mercury indicated that the operation would be confirmed “in the coming hours the team that led the sale process,” composed by Larrain Vial, financial advisors selling party and Bancard, which is the company’s investment Piñera.
Billionaire businessman, Piñera has promised to shut down the company’s other businesses, such as its stake in airline LAN, before he took power in March 11. The sale of its stake in LAN has been completed.
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