Televisa May Sell Univision Stake

Mexican media group Televisa, which failed in its bid to buy Univision, the largest Spanish-language broadcaster in the US, has offered to sell its stake in the US company to the group of investors that bought the broadcaster last month. It has put forward an offer price of $36.25 per share for its 11% stake to the Providence and Saban group that successfully bid $12.3 billion for Univision. The sale would free Televisa from an agreement that restricts its expansion in the US market.