David Martínez, a member of the board of directors of the Mexican giants Cemex and Alfa, acquired a 7.8% stake in Grupo Televisa for an estimated 104 million dollars.
Martínez, who is also part of the Televisa board, is known in the business world for his investments in different sectors. He is currently considered the third largest shareholder of Televisa after Emilio Azcárraga Jean and the company Dodge & Cox.
After Martínez's acquisition, Televisa shares in the U.S. market experienced a 40% rebound, reversing the downward trend they had maintained over the last decade due to changes in the streaming market and the exit of significant shareholders like Bill Gates.
This situation has generated renewed interest in Televisa, the largest television network in Mexico and one of the main shareholders of a major Spanish-language television network in the U.S.
David Martínez, a Mexican and British citizen, is known for keeping a low profile in the media and avoiding public appearances. Aside from Televisa, Martínez's company Fintech has significant investments in the Spanish Banco de Sabadell and is the largest shareholder of Telecom Argentina. His investments span various sectors, including cable and satellite television providers in Mexico.
According to reports to the Securities and Exchange Commission (SEC), the shares acquired by Martínez are not intended to influence the control of Televisa. Although no immediate changes in the company's direction are expected, Martínez's acquisition of the stake has generated expectations among investors and the market.
