Televisa consortium mulls Univision counterbid

“A consortium led by Mexican media giant Televisa is considering a $13 billion rival bid for U.S. Spanish-language broadcaster Univision Communications (UVN.N: Quote, Profile, Research) after losing an auction for the company this summer, The New York Times reported on Tuesday.

Citing executives involved in the negotiations, the newspaper said the Televisa consortium, which includes Bain Capital and Bill Gates’s private equity firm, Cascade Investments, has held meetings on whether to proceed with an offer, likely to be worth at least $38 a share.”

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