Paul, Weiss client Hemisphere Media Group, Inc. announced that Hemisphere Media Holdings, LLC, its indirect wholly owned subsidiary, has entered into a definitive agreement to acquire three Spanish-language cable television networks, Pasiones, Centroamerica TV and TV Dominicana, from Media World, LLC, a company fully owned by Imagina US, a major content and service provider in the Hispanic market, for approximately $102.2 million in cash, subject to certain post-closing adjustments. The acquisition is structured as an asset purchase and is expected to be funded with cash on hand. The transaction is expected to close in the first quarter of 2014.

The Paul, Weiss team included corporate partners Jeffrey Marell and Tracey Zaccone; and tax partner David Mayo.