HMTV Stock Recent News

US-Hispanic-focused media company Hemisphere Media is being taken out opportunistically. The current deal offers a single-digit low-risk return.

Gato Investments LP agreed to acquire Hemisphere Media Group, Inc (NASDAQ: HMTV) at $7 per share. The offer price implies a premium of 86% over Hemisphere's closing share price on May 6, the last trading day before the announcement.

Shares of Spanish language media concern Hemisphere Media Group, Inc. (HMTV) have fallen 70% since its abandoned secondary offering in November 2021. The company's acquisition of Pantaya has yet to result in a surge of subscribers but has raised its net leverage significantly.