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Televisa to Sell Univision Stake

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“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. “

Posted on: October 11th, 2006
Curation from Tomás
Filed Under: 1. Hispanic News, Business, Tomás' Picks
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