EsMas.com Acquires Submarino.com-Mexico.
June 18, 2001
Grupo Televisa, S.A. announced that EsMas.com has purchased Submarino.com-Mexico.
Submarino.com-Mexico has one of Mexico’s most extensive online shopping catalogues that features a wide selection of CDs, DVDs, books, toys and other electronic goods. Since November of 2000, Submarino.com-Mexico has been operating in the EsMas.com vertical shopping channel, where operations extend to the sale of exclusive Televisa products, such as merchandise related to the Company’s renowned soap operas and special events.
The funds to purchase Submarino.com-Mexico will be provided directly from earnings generated since the outset of the portal. Televisa will not be supplying additional funds to EsMas.com for this purchase.
