Univision Cool to Sole Bid

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Univision Communications Inc. opened the door to potential buyers this week, but so far the company has drawn one bid it deemed too low while a last-minute shakeup within a second investor group has clouded prospects for another offer.


A consortium of private investors made a $10.7 billion offer to acquire the Los Angeles-based Spanish-language broadcaster on Wednesday, but Univision told the group it needed to increase its offer, someone familiar with the bid said Thursday, speaking on condition of anonymity due to the confidential nature of the negotiations.

Wall Street analysts have estimated the company could fetch between $11 billion and $12 billion.






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