Report: Televisa Lines Up Partners For Univision Bid
May 12, 2006 at 6:19 AM (PT)
The LOS ANGELES TIMES is reporting that GRUPO TELEVISA is making its move on UNIVISION, forming a partnership with four U.S. equity firms, CARLYLE GROUP, BAIN CAPITAL, BLACKSTONE GROUP, and KOHLBERG KRAVIS ROBERTS, to bid for the Spanish-language TV/radio/music giant.
TELEVISA's group faces bidding competition from a consortium of GOLDMAN SACHS, THOMAS H. LEE PARTNERS, and TEXAS PACIFIC GROUP.
Analysts predict the bidding could reach $14 billion for the company; bids are due JUNE 8.