* Televisa to invest $1.2 billion in U.S. broadcaster
* Mexican company asks for debt restructuring
(Adds Televisa shares rising on news)
MEXICO CITY Oct 5 Mexico's Televisa (TV.N)
(TLVACPO.MX) said on Tuesday that its investment in top
Spanish-language U.S. broadcaster Univision is subject to the
U.S. partner restructuring at least $3.25 billion in debt.
"The condition that we established is that (Univision)
restructures $3.25 billion of its debt, out of which at least
$750 million should be in a long-term bond," the Mexican
broadcaster's Executive Vice President Alfonso de Angoitia told
Televisa announced it would invest $1.2 billion for a
5-percent stake in Univision as part of a deal that would
strengthen links among two top regional broadcasters.
Televisa shares jumped 9.2 percent to 52.10 pesos and
traded at their highest level since April.
(Reporting by Cyntia Barrera Diaz and Michael O'Boyle; Editing
by Missy Ryan and Gerald E. McCormick)