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Televisa Gets Bid In On Univision
June 23, 2006 at 1:49 PM (PT)
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GRUPO TELEVISA's bid for UNIVISION was finally submitted early TODAY (6/23), and it's reportedly higher than the bid submitted before the WEDNESDAY deadline by a rival group headed by HAIM SABAN. SABAN's group bid about $35. per share for the Spanish-language media giant, or about $10.7 billion. TELEVISA's bid with VENEVISION, BAIN CAPITAL PARTHERS LLC, and CASCADE INVESTMENT LLC lost three other partners- CARLYLE GROUP, KOHLBERG KRAVIS ROBERTS, and BLACKSTONE GROUP- before the bid was submitted.

