Reuters Reports Univision Bids Expected June 8th

One of the most significant business developments in the Hispanic and Spanish-language media world may reach a critical stage on June 8th when, according to a recent Reuters report, two groups are expected to submit bids for the purchase of Spanish-language TV, radio and Internet giant Univision Corporation.

See a few excerpts or click-through to the full story [here].

“PHILADELPHIA, May 19 (Reuters) - Spanish-language broadcaster Univision Communications Inc., which has put itself up for sale, has asked interested bidders to submit offers by June 8, a source close to the process said on Friday.

At least two groups of bidders are weighing whether to make a play for Univision, which could be valued at more than $12 billion ...

Grupo Televisa, a Mexican television broadcaster, has said it is partnering with U.S. private equity firms Kohlberg Kravis Roberts & Co., Bain Capital, Blackstone Group, Carlyle Group, and a Bill Gates investment fund called Cascade Investment to consider a bid.

…

The Televisa group could face strong competition from another consortium that includes private equity firms Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners, and media investor Haim Saban, sources familiar with the matter have said.

That bidding group melds the buyout firms' combined financial firepower with Saban's clout as a television producer, executive and investor.”