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Today's Deals: El Sitio Merges With LatAm IAMP

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 IAMP and El Sitio (LCTO) to merge

 

   *  Amount:         Undisclosed

 

   *  Terms:            n/a

 

   *  Premium:        n/a

 

   *  Industry:        Content/Communities

 

   *  Scorecard:      C+

 


    NEW YORK, Oct 30--Latin American pay television and Internet provider Ibero American Media Partners and Internet portal El Sitio have agreed to merge to develop programming and content aimed at Spanish and Portuguese pay-television, radio and Internet audiences. Ibero, or IAMP, which is jointly owned by Hicks, Muse, Tate & Furst and Venezuelan media giant Cisneros Group, is the parent of Cisneros Television Group. The combined entity, Claxson Interactive Group (CIG), will begin trading under a new ticker



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