Mexico’s Grupo Televisa May Bid on Univision
Mexico City-based Grupo Televisa, the world’s largest Spanish-language broadcaster, said it was deciding whether to make a bid for Univision Communications Inc.
“I guess we are in the early stages of analyzing the different scenarios to determine whether it makes sense or not for us,” Televisa Executive Vice President Alfonso de Angoitia said in a conference call with analysts.
Televisa owns nearly 11% of Los Angeles-based Univision and provides it with the soapy Spanish-language telenovelas that drive the network’s prime-time ratings. Univision said it was exploring its strategic options, including selling itself.
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