LOS ANGELES - In a further and probably final twist to its tortuous sale, US Spanish language broadcaster Univision Communications has accepted an $11.1 billion (€8.82bn; £6.09bn) bid from Providence/Madison Dearborn private equity group, led by billionaire Haim Saban.
The group won the deal after an auction that attracted just one other offer, from a consortium led by Mexico's Grupo Televisa. The latter had been considered the leading contender to acquire Univision until an internal dispute last week [WAMN: 22-Jun-06].
© Copyright 2017
All rights reserved including database rights. This electronic file is for the personal use of authorised users based at the subscribing company's office location. It may not be reproduced, posted on intranets, extranets or the internet, e-mailed, archived or shared electronically either within the purchaser's organisation or externally without express written permission from WARC.