Mergers and acquisitions

Anheuser-Busch InBev sells Australian operations after IPO failure

Beer production
Photo: STEFAN HEUNIS/AFP/Getty Images

Anheuser-Busch InBev agreed to sell its Australian operations to Japan's Asahi for $11 billion. It also is considering divestitures of its South Korea and Central America businesses.

Why it's a big deal: This is quick consequence of AB InBev canceling its Asia-Pacific IPO, whose $9 billion-plus in expected proceeds had been largely earmarked for debt reduction.

The battle for the future of Spanish-language TV

Illustration: Aïda Amer/Axios

Univision, one of the two major Spanish-language broadcasters in the U.S., is in the early stages of exploring a sale, the company announced last week following a Wall Street Journal report.

Details: It's looking for a strategic partner to help it scale so that it can be more competitive on advertising and distribution deals. It's looking to sell now because sources say it's tied up the majority of its distribution agreements, and at this time, there is not one expiring soon.