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Posted on: June 22nd, 2006
Filed Under: [ Business ] [ Hispanic News ] [ Media ]
Tags: Mexico, telenovela, televisa, Univision
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“The battle for the country’s numero uno Hispanic broadcaster may end up with as many plot twists as one of the network’s telenovelas.
A long-awaited takeover bid for Univision from a consortium led by Mexico’s Televisa not only failed to materialize Wednesday, but could even fall apart. Three of its equity partners got cold feet over price and strategy.
Earlier in the day a defection by the Carlyle Group was rumored to be simply a ploy to help inch the eventual price for Univision below $11 billion. But late in the day two other participants — Blackstone and KKR –also backed out of the bid.”
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