Televisa to sell Univision shares

Posted on: July 6th, 2006
Filed Under: [ Business ] [ Hispanic News ] [ Media ]
Tags: ,
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“Grupo Televisa is prepared to sell its 11.4 percent stake in Univision Communications to a private equity consortium so it can explore rival opportunities in the U.S. market., according to Wednesday Reuters reports.

This comes after Univision accepted a $12.3 billion buyout offer from a group of investors led by media tycoon Haim Saban instead of taking Televisa’s offer. Previously, Televisa had sought to increase its stake in the company.”

SOURCE: in English / Fuente en Ingles
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