Chaos reigns in Univision auction

“The auction of Univision, the largest Spanish-language media company in the United States, was sent into chaos as a consortium of investors led by the Mexican television giant Grupo Televisa, the group expected to win the contest, missed the deadline for submitting an offer, executives involved in the process said.

Televisa let the Tuesday deadline lapse, the executives said, after one investment partner, Carlyle Group of Washington, dropped out of the consortium at the last minute after an internal dispute over the price the group was prepared to pay for Univision.”

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