Television

Grupo Televisa, S.A. is disappointed about the outcome of the Univision auction. Televisa stated that after repeated offers to discuss all aspects of the proposal including price, Univision and its advisers refused to enter into any discussions with Televisa after they submitted their initial bid. Televisa stated that they will vigorously pursue other options in the growing U.S. Hispanic marketplace.

Univision Communications Inc. and a group including Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners and Saban Capital Group, today announced they have signed a definitive agreement under which the group will acquire Univision for $36.25 per share in cash. The transaction is valued at approximately $13.7 billion, including the assumption of $1.4 billion in debt.

Rumors about Televisa’s interest in creating a new Spanish-language network should their bid for Univision fail are running rampant in the financial circles.

I a report in the Financial Times, Televisa has a Plan B that includes potential partners such as NBC’s Telemundo, Paxson Communications and McGrawHill.