América Móvil to buy digital content provider

- Monday, October 17, 2011

América Móvil to buy digital content provider

Latin American telecoms giant América Móvil (NYSE: AMX) has reached an agreement with Buenos Aires-based Claxson Interactive to buy 100% of its digital content firm DLA, AMX said in a filing with Mexico City bourse BMV.

The transaction, the value of which was not disclosed, is subject to customary closing conditions and is expected to conclude before year-end.

Claxson Interactive's DLA is a developer, integrator and provider of on-demand digital content for Latin America's TV, internet and mobile industries.

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Spanish and Portuguese-language multimedia content provider Claxson Interactive Group has presence in Chile, Argentina, Brazil, Mexico and the US.