Gates wants to outbid Saban for transmitter
An investment company owned by Bill Gates, together with other companies, may want to trump the investor group around media mogul Haim Saban with a new bid for the Spanish-language US television channel.
There is apparently a prominent new prospective buyer for the Spanish-language US television channel Univision: An investment company owned by Bill Gates, together with other companies, may want to outbid the investor group led by media mogul Haim Saban with a new offer.The consortium led by Mexican media group Televisa is considering a 13 billion dollar offer for Univision, the New York Times reported on Tuesday.
The Univision management had already approved the takeover by the Saban Group for a good twelve billion dollars at the end of June (see
Saban swallows US broadcaster in billion-dollar deal). However, Univision shareholders still have to approve the deal on September 27, with the Saban Group offering 36.25 dollars per Univision share. The New York Times put the rival offer from Televisa, the Gates investment company Cascade Investments and Bain Capital at at least 38 dollars. Saban's offer had already trumped an earlier offer from the Televisa Group.
