Mexico's Televisa Links With US Investors in Univision Bid

28 April 2006

    MEXICO CITY - Mexican broadcaster Grupo Televisa is structuring a bid alongside a group of US private-equity investors for US Spanish-language broadcaster Univision Communications.
    Televisa has been forced into bidding jointly as the US notion of 'free trade', in this instance, is a one-way street.
    Given the recent Washington backlash against foreign control of firms in sensitive industries, the Mexican broadcasting giant has been compelled to limit any stake in a US broadcaster to just 25%