Grupo Televisa, the Mexico City-based media conglomerate, has denied it will seek to make a second bid for Univision Communications Inc., according to Bloomberg. In a statement to the Mexican stock exchange, Televisa wrote that any suggestions it would put together a bid are false.
Last week the New York Times reported that Televisa would make a second attempt to buy Los Angeles-based Univision, the dominant Spanish-language broadcaster in the United States. Televisa lost an auction for Univision in June when Los Angeles investor Haim Saban won the approval of Univision's board with an offer of $36.25 per share.
Televisa currently holds 11.4 percent of Univision's shares, according to filing with the Security & Exchange Commission.
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