InterMedia Partners LP is merging its Spanish-language media properties with a new company that is backed by Brener International LLC, a private equity firm based in Beverly Hills, Calif.

Spanish-language movie channel Cine Latino, which Intermedia acquired a 50 percent stake of in 2007 from Grupo MVS, will be folded into InterMedia Español Holdings LLC, and subsequently combined with Brener’s Azteca Acquisition Corp. in a deal valued at $400 million.

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