Televisa Enlists Equity Funds For Univision Bid

TELEVISA ENLISTS EQUITY FUNDS FOR UNIVISION BID
[SOURCE: Wall Street Journal, AUTHOR: John Lyons john.lyons@wsj.com and Dennis K. Berman]
Mexican broadcaster Grupo Televisa SA's efforts to structure a bid for U.S. Spanish-language broadcaster Univision Communications Inc. are coming into focus, as Televisa has formed an alliance with a group of private-equity funds. After weeks of negotiations, Televisa, Mexico's biggest broadcaster, has teamed up with Bain Capital Inc., Carlyle Group LP, Kohlberg Kravis Roberts & Co. and Blackstone Group to make a formal offer for Univision as early as last night. The Televisa-led bid probably isn't the only offer in the works, setting the stage for a possible bidding war. The private-equity arm of Goldman Sachs Group Inc., Texas Pacific Group and Thomas H. Lee Partners are also weighing a bid. Not everyone thinks the $12 billion or more Univision may fetch is a good deal. Several big U.S. media companies, including Time Warner Inc. and CBS Corp., have appeared to shy away from making a bid after showing early interest. In part, that is because some analysts question how much the market for Spanish-language television will grow because they say the children of Spanish-speaking immigrants often prefer to watch television in English.
http://online.wsj.com/article/SB114740127884251040.html?mod=todays_us_page_one
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* Televisa Teams Up in Bid for Univision
http://www.latimes.com/business/printedition/la-fi-univision12may12,1,1082290.story?coll=la-headlines-pe-business
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