Televisa in Talks with Rival Univision Bidder

“At Allen & Company’s Sun Valley media conference this week, senior Televisa executives reportedly met with representatives from the consortium that is in the process of buying Univision about the possibility of retaining its stake in the U.S. Hispanic broadcaster.

Televisa announced last week that it was prepared to offload its 11.4 percent Univision stake after failing in its bid to acquire the company with a group of private equity firms. Televisa offloading its stake would release it from a 1996 contract with Univision chief and current majority shareholder A. Jerrold Perenchio barring it from exploring rival opportunities in the U.S. market. However, the programming agreement Televisa has with Univision will remain valid until 2017.”

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