Hicks, Muse, Liberty, Globo, Kirch, others also in the Azul hunt
BUENOS AIRES — The Walt Disney Co. is chasing a controlling stake in Argentinean broadcaster Azul Television, Disney execs here and in Miami have confirmed.But four other potential investors, including two U.S. outfits, have made better offers for the No. 3 broadcaster, according to sources close to the talks. Up for grabs is 51% of Azul, which J.P. Morgan Chase purchased in August for $67.5 million from Australia’s Prime Television. Interested buyers reportedly include Hicks, Muse, Tate & Furst and Liberty Media, both of which are invested in pay TV programming and distribution in Argentina and the region. Brazil’s O Globo, Germany’s Kirch, Spain’s El Correo and Venezuela’s Cisneros Group have also been tipped as possible buyers in local news reports. (Mary Sutter in Miami contributed to this report.)
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