Univision gets stood up
Share Now on:
Univision gets stood up
TEXT OF STORY
TESS VIGELAND: At least two groups of investors were expected to bid for the largest Spanish language media company in the US.
But the New York Times reports a consortium led by Mexico’s Televisa failed to submit an offer by the midnight deadline. A member of that consortium, the Carlyle Group, balked at the price and pulled out of the deal at the last minute.
Another private equity group did make an offer.
Univision is expected to waive the deadline and allow Televisa to go ahead with a bid.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
