Televisa Still Yearns For Univision

Televisa, Mexico’s largest media group, is reportedly still hoping to take control of Univision, the US broadcaster which commands 80% of the Spanish-speaking audience in the US. Televisa, which currently holds an 11.4% stake in the US company, has allegedly been meeting with four US buyout firms and one of Univision’s directors to discuss forming a bidding consortium. Los Angeles-based Univision, which has a market value of $10.9 billion, announced in February that it was for sale. UBS is managing the sale of the company.