Televisa planning comeback punch?
June 24, 2006
According to Radio Business Reports, the bidding for Univision may not yet be over – Televisa says it could still make a new buyout bid for Univision. According to a Reuters report from Mexico City, Televisa Exec. VP Alfonso De Angoitia told analysts yesterday that his company might consider a counter offer to the pending sale to a group led by Haim Saban. Televisa has already said it was ready to talk about selling its 11%+ stake in Univision to the Saban group, but has ruled out joining it. Should Televisa come back with a new bid it would need to cover the 300 million breakup fee from the Saban deal.
Courtesy of Radio Business Reports.
