Bids for Univision crumble, Blackstone, KKR drop bid for Univision

“Two more private equity firms dropped out of the bidding for Univision, adding another twist to the lively auction for the Hispanic broadcaster a day after offers were due.

Blackstone Group and Kohlberg Kravis Roberts & Co. on Wednesday abandoned a bidding group vying for the company, a source familiar with the matter said, complicating the group’s pursuit of the company and putting pressure on the remaining members to cough up more money should they submit a formal offer.”

Stumble it! | |