Televisa to Sell Univision Stake

Posted on: October 11th, 2006
Filed Under: [ Business ] [ Hispanic News ] [ Tomás' Picks ]
Tags: , ,
Knowledge is Power!

“Mexican broadcaster Grupo Televisa plans to sell its 11% stake in its U.S. partner Univision Communications Inc. after losing a bidding war for the Spanish-language network, Chairman Emilio Azcarraga said Tuesday.

Televisa threw in the towel in mid-September in the battle for Univision, refusing to better a $12.3-billion offer from a group of private equity firms and media mogul Haim Saban. Televisa had offered about $12.1 billion. “

Stumble it! | | AddThis Feed Button

HispanicTips = Relevant



Check us out!



Feedback Form