Televisa Offloads Univision Stake for $1.1 Billion

MEXICO CITY, March 30:
Televisa has sold its 11.4 percent stake in Hispanic broadcaster Univision
Communications for $1.094 billion.

This follows the
completion of $12.3 billion sale of Univision to a group of investors that
includes Saban Capital Group, Madison Dearborn Partners, Providence Equity
Partners, Texas Pacific Group and Thomas H. Lee Partners. Televisa had been the
consortium’s main rival for the stake, as the Mexican company sought to expand
its reach in the U.S. market.