Grupo Televisa Considering Univision Bid

May 12, 2006  •  Post A Comment

Grupo Televisa confirmed Friday that it has teamed with a group of investment firms, including one owned by Microsoft Chairman Bill Gates, that is considering a bid for Spanish-language broadcaster Univision Communications.

According to a Securities and Exchange Commission filing submitted Friday, Televisa, Mexico’s leading broadcaster, said it has joined an alliance of private investment firms that includes Cascade Investments, owned by Mr. Gates, to study whether to go after Univision. Other investment firms involved are Bain Capital Partners, Blackstone Management Associates, Carlyle Investment Management and Kohlberg Kravis Roberts & Co.

Univision put itself up for sale in February, triggering speculation that a number of suitors would line up for the chance to own the United States’ leading Spanish-language broadcaster. However, many have seen Televisa as the most likely candidate, given it’s a major supplier of Univision content and that it already owns an 11 percent stake in the company.

Because of U.S. restrictions on foreign ownership of broadcasters in this country, Televisa was expected to link up with U.S. private-equity players to help finance a bid.